John Kim, co-country head of Goldman Sachs Korea, will replace Campbell-Breeden as head of mergers and acquisitions in the region, according to an internal memo that was confirmed by Connie Ling, a Hong Kong-based spokeswoman for the bank. Kim, head of Korea investment banking since 2007, will move to Hong Kong from Seoul in July, the document showed.
Campbell-Breeden has been head of M&A in the region since 2011 and chairman of the industrials group since 2013. The banker, who has been with Goldman Sachs for 25 years, advised on deals including Singapore lender Oversea-Chinese Banking Corp.’s proposed $5 billion purchase of Hong Kong’s Wing Hang Bank Ltd. (302) this year.
The value of mergers and acquisitions in the Asia-Pacific region excluding Japan has increased 36 percent this year, according to data compiled by Bloomberg. Companies announced more than $290 billion of deals in 2014 compared with $213.4 billion a year earlier, the data showed. Goldman Sachs is ranked second, behind Morgan Stanley, among advisers on the transactions in the region.
Christos Tomaras, a managing director, will relocate to Hong Kong from London to join Goldman Sachs’s Asia-Pacific excluding Japan M&A group, according to the memo.
Campbell-Breeden will become chairman of the M&A group in the Asia-Pacific region, the document showed. He was previously co-head of the European financial sponsors group, which advises private equity firms, and co-head of U.K. investment banking. He joined Goldman Sachs in 1989, was named managing director in 1998 and became partner in 2000.
Tim Leissner also holds the role of Goldman Sachs vice chairman of investment banking for the region.
Kim will become chairman of Korea investment banking, according to the memo. He joined Goldman Sachs in 2000, was named managing director in 2005 and made partner in 2012. David Chung and Dongsuk Choi will become co-heads of Korea investment banking.
To contact the editors responsible for this story: Chitra Somayaji at firstname.lastname@example.org Darren Boey, Russell Ward