Goldman promotes Mark Machin to vice-chairman

The senior banker will put his expertise to work to drive the growth of Goldman's China franchise in particular, leaving David Ryan as sole head of investment banking in Asia.
Mark Machin
Mark Machin

Goldman Sachs has appointed Mark Machin as vice-chairman for Asia ex-Japan, according to an internal announcement. The new position will see Machin, currently co-head of investment banking for Asia ex-Japan, take on a more strategic role at the firm in which he will work with the regional leadership in Asia, and particularly in China, to drive the growth and direction of its China franchise across divisions.

Vice-chairman titles can be largely advisory, but in this case, stressed a source, Machin will by no means be winding down. In fact he will remain a banker and will continue to be involved with key clients and to lead deal teams, but will also put his long experience...

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