Steven Barg leaves UBS for Goldman Sachs

The head of Asia GCM leaves UBS just two weeks after the firm loses its regional head of ECM. His new job will be co-head of ECM for Asia ex-Japan at Goldman, sources say.

Steven Barg has resigned as head of global capital markets for Asia at UBS and will be joining Goldman Sachs as co-head of equity capital markets for Asia ex-Japan, sources said at the end of last week.

In his new role, Barg will work alongside Jonathan Penkin who until now has been sole head of ECM at Goldman. Barg will continue to be based in Hong Kong and is expected to start his new job in about three months, following...

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