Goldman Sachs Appoints VC, Chairman Of Asia-Pac

Eliane Chavagnon

12 June 2012

Mark Schwartz is returning to Goldman Sachs as a vice chairman and chairman of Goldman Sachs Asia-Pacific, based in Beijing.

Schwartz will represent “the importance of China” and the Asia-Pacific region to the firm’s overall business. The Asia-Pacific region “continues to represent many of the most dynamic and important economies in the world,” said Schwartz.

New York-based J Michael Evans, chairman of Asia-Pacific since 2004, will continue in his role as a vice chairman of the firm and global head of growth markets.

Schwartz will work alongside Masa Mochida, president of Goldman Sachs Japan, and David Ryan, president of Goldman Sachs Asia-Pacific Ex-Japan. He will rejoin the firm’s management committee, on which he served from 1999 - when the firm went public - until his departure in 2001.

Schwartz was president of Goldman Sachs Japan between 1997 and 2001, and chairman of Goldman Sachs Asia from 1999 to 2001.

Additionally, Schwartz was head of the capital markets department between 1991 and 1997, at which point he moved to Tokyo.

He first joined Goldman Sachs in 1979 within the investment banking division, subsequently transferring to fixed income, where he founded and led the high yield department until 1990. He was named partner in 1988.

Goldman Sachs established a presence in the Asia-Pacific region in 1974 with the launch of a representative office in Tokyo. Its global services office is located in Bangalore.

The firm opened representative offices in Beijing and Shanghai in 1994. Today, its China platform - which includes its joint venture, Goldman Sachs Gao Hua, and its domestic partner, Beijing Gao Hua Securities - is engaged in investment banking, asset management, private wealth management and securities trading.