Goldman hires banker from Deutsche in China push

The US investment bank has poached Bill Chu as part of its focus on capturing China deals. More hires in the offing.

Goldman Sachs has added Bill Chu as a managing director to its China investment banking team in anticipation of a pickup in cross-border deal making, according to an internal memo on Monday seen by FinanceAsia.

Chu, who most recently led Deutsche Bank’s Asia consumer and retail coverage based in Hong Kong, will move to Beijing.

It is relatively rare for Goldman to make lateral hires from other investment banks, so Chu’s move underscores the priority the bank is placing on China coverage.

“Bill’s appointment is part of our focus on strategic hires as we concentrate our resources on the anticipated growth in...

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