Goldman Asian banker relocating to the US

A top Goldman Sachs banker in Asia is relocating to the United States to take on a global role, people familiar with the matter told Reuters, after playing a key part in the firm's efforts to broaden its business amid a drop in equity offering volumes.

The news agency reports that Dan Dees, Goldman's co-head of investment banking for Asia, is expected to move within the next few months, the sources said.

They could not confirm the exact title the American banker will take on, but said it would be a global appointment.

Goldman earned large fees on a few select deals in Asia in the last year, during which investment banks across the region took on more complex financings and aimed for solo bookrunning offerings rather than depending on the steady volume of equity issuance they previously enjoyed.

In addition to Goldman's Asia investment banking revamp, Missouri-born Dees, 43, played a key role in two of Asia's three largest ever initial public offerings: the $22.12bn listing of the Agricultural Bank of China and the $20.5bn flotation of insurer AIA Group Ltd.

To access the complete Reuters article hit the link below:

Top Goldman Asia banker Dees to take global, U.S.-based role - sources

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