Tag: goldman

The top 30 managers at Goldman Sachs will get their bonuses for 2009 entirely in stock that will be locked up for five years and subject to clawback. Welspun Gujarat raises $130 million, while Sesa Goa sells $500 million worth of CBs, putting India back on the radar screen after 18 months with no CB issuance. A Goldman-led group launches a $1.7 billion tender offer for the Japanese theme park operator. The US firm has dismissed four managing directors, three vice-presidents and six associates, according to market sources. As Goldman Sachs exits stand-alone investment banking, Nomura doubles down on the model by buying the Lehman Brothers franchise in Asia and Europe. Who is taking the right ... The American flash memory supplier rejects "inadequate" proposal made by the Korean conglomerate. Two new deals totalling $3 billion price on Friday, possibly marking the beginning of renewed activity in Asia's international bond markets. China Nepstar raises $334.1 million after pricing its IPO 20% above the range - the maximum allowed on a US offering. Forget private equity. Chinese entrepreneurs, investment banks and hedge funds reckon the hottest thing in Asian finance is 'syndicated investing'. We reprint FinanceAsia ... After 10 years as CEO of the Australian investment bank, Terry Campbell hands over the reins to Craig Drummond. The deal still needs a green light from the CSRC, but could competition issues thwart the approval process? Shimao Property attracts strong demand despite a flurry of Chinese real estate bond offerings in recent months. Goldman Sachs expands its equity capital markets team with a new hire. Shawn Xu, advisory director and vice-chairman of Beijing Gaohua, will return to academia at the end of the month, say sources. Goldman nominates a record number of partners from the Asia region. Who are the happy individuals? Joe Stevens, COO and MD of Goldman Sachs’ China JV, abruptly departs for Standard Chartered in Singapore. The American investment bank has announced the hiring of Do Jin Kim and Byung Woo Cho with the aim of bolstering its Korean DCM business. Eric Mindich’s hedge fund hires Barbara Yu, yet another Goldmanite, as it sets up shop in Asia. Firm names Helen Zhu, Jim Hung and Kenneth Whee to research positions in three different offices. Share price drops below transaction price.