Goldman Sachs Hires Veteran Dealmaker for China Investment Bank
- Wei Cai joins as co-head from private equity firm FountainVest
- First person to join Goldman as a partner for China business
This article is for subscribers only.
Goldman Sachs Group Inc. hired veteran dealmaker Wei Cai as co-head of its China investment banking business, making him a partner in a rare move as the firm seeks to capitalize on the nation’s financial-market opening.
Previously at private equity firm FountainVest Partners Co., Cai will head the business alongside Beijing-based Zhu Hansong, according to a memo obtained by Bloomberg. Edward Naylor, a Hong Kong-based spokesman, confirmed the appointment.