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Goldman Sachs strengthens workforce in China

Goldman Sachs Group Inc has continued to strengthen its workforce in China. The US bank appointed E.G. Morse to co-lead the China business and will relocate him to Shanghai. Currently head of Singapore, Morse will become co-head of Goldman Sachs China alongside Wei Cai and Sean Fan, who are based in Hong Kong and Beijing, respectively. Morse was also named head of China global markets, a newly created position to beef up the bank’s securities operation. With the highest rank at Goldman focused on China, the US firm’s senior executive mainland bench would be stronger than any of its Wall Street rivals. Goldman won approval to own 100% of its securities venture despite growing concerns over slowing Chinese growth, Covid zero measures, and tumbling stock markets.

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