Goldman move

Goldman's Steven Barg heads to Singapore

Barg will become Goldman Sachs's co-head of investment banking for Southeast Asia, leaving Jonathan Penkin as sole head of the equity capital markets group.
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Singapore is attracting renewed attention as a gateway to Southeast Asia (AFP)
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<div style="text-align: left;"> Singapore is attracting renewed attention as a gateway to Southeast Asia (AFP) </div>

On Friday, Goldman Sachs announced that Steven Barg will relocate to Singapore to become co-head of investment banking for Southeast Asia, together with Hsin Yue Yong.

Before his new role, Barg was co-head of equity capital markets ECM for Asia ex-Japan, alongside Jonathan Penkin. His relocation is part of an effort by Goldman to strengthen its business in Southeast Asia, a region that has been getting more attention since the slowdown in China.

Across the street, investment banks are vying to win business in Southeast Asia’s biggest market, Indonesia, which traditionally has been dominated by Credit Suisse. But there are also opportunities elsewhere in the region. Singapore...

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