People Moves
Beijing-Based Partner Retires From Goldman Sachs, Retains Advisory Role
Yang Changpo, a Beijing-based partner at Goldman Sachs, has retired from the position after more than seven years with the firm.
Yang Changpo, a Beijing-based partner at Goldman Sachs, has
retired from the position after more than seven years with the
firm, according to Bloomberg.
The executive, who joined Goldman Sachs in October 2006, will
continue to work for the bank as an advisory director and will
pursue charitable activities involving health care in China, he
told the news service in an interview.
The report said Yang has become the third Beijing-based partner
to step down from his position since December 2011.
Yang will remain a member of Goldman Sachs’s executive committee
for China investment banking and serve as a mentor to bankers on
that team, the report quoted a Goldman Sachs spokesperson as
saying.
The departure follows that of Cai Jinyong, former chief executive officer of the Goldman Sachs Gao Hua Securities joint venture, who left in 2012 to run the International Finance Corp. Mark Machin, who moved to Beijing in 2009 to oversee the expansion of the advisory business in China, stepped down in December 2011 as vice-chairman for the Asia-Pacific region excluding Japan.
