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Tue, June 12, 2012
Mon, June 11, 2012

Mark Schwartz to Return to Goldman Sachs as a Vice Chairman of the Firm and Chairman of Goldman Sachs Asia Pacific


Published on 2012-06-11 18:41:04 - Market Wire
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NEW YORK--([ ])--The Goldman Sachs Group, Inc. (NYSE: GS) today announced that Mark Schwartz will return as a Vice Chairman of the firm and Chairman of Goldman Sachs Asia Pacific.

"He played a critical role in helping to build our businesses across Asia Pacific, and those experiences and relationships will be even more important as we focus on continuing to help our clients and grow our franchise across the region."

Schwartz will be based in Beijing, underscoring the importance of China, and more broadly, the Asia Pacific region, to the firmas overall business. J. Michael Evans, who has served as Chairman of Asia Pacific since 2004, will continue to leverage his deep relationships and experience across the region in his role as a Vice Chairman of the firm and Global Head of Growth Markets, based in New York.

aWe are pleased that Mark Schwartz is rejoining Goldman Sachs,a said Lloyd C. Blankfein, Chairman and Chief Executive Officer of Goldman Sachs. aHe played a critical role in helping to build our businesses across Asia Pacific, and those experiences and relationships will be even more important as we focus on continuing to help our clients and grow our franchise across the region.a

aIam very excited to be returning to Goldman Sachs and especially interested to be able to live and work again in Asia,a said Schwartz. aThe Asia Pacific region continues to represent many of the most dynamic and important economies in the world and Iam thrilled to help lead Goldman Sachsa efforts as we respond to the multi-faceted needs of our clients.a

Schwartz will work with Masa Mochida, President of Goldman Sachs Japan, and David C. Ryan, President of Goldman Sachs Asia Pacific Ex-Japan, to expand the firmas franchise. He will rejoin the firmas Management Committee, on which he served from 1999, when the firm went public, until his departure in 2001.

Schwartz was President of Goldman Sachs Japan from 1997 to 2001 and Chairman of Goldman Sachs Asia from 1999 to 2001. Schwartz joined Goldman Sachs in 1979 in the Investment Banking Division. In 1985, he moved to Fixed Income where he founded and led the High Yield Department until 1990. Schwartz was head of the Capital Markets Department from 1991 to 1997 when he moved to Tokyo. He was named partner in 1988.

Since 2006, Schwartz has been the chairman of MissionPoint Capital Partners, an investment firm he co-founded, which is focused on the transition to a lower carbon economy. He is also a member of the boards of directors of MasterCard Inc. and SoftBank Corp. He previously served as a senior advisor to Soros Fund Management LLC beginning in 2002 and then as president and CEO from 2003 to 2004.

Schwartz is a trustee of NewYork-Presbyterian Hospital and is a member of its executive committee and vice chairman of its audit committee. He is on the executive committee of the Childrenas Hospital of NewYork-Presbyterian and is also chairman of the Columbia Presbyterian Health Sciences Advisory Council. He also serves on the board of trustees at Massachusetts General Hospital (MGH), as well as on the board of directors of the Ragon Institute of MGH, MIT and Harvard (formerly the Partners AIDS Research Center). Much of Schwartzas philanthropy at Harvard and MGH has been devoted to global health issues and biomedical research, with a particular focus on HIV/AIDS and tuberculosis in southern Africa. Schwartz serves on various boards at Harvard College, Harvard Business School, the Harvard Kennedy School and Harvard Medical School.

Goldman Sachs established a presence in the Asia Pacific region in 1974 when it opened a representative office in Tokyo. Today, it has 5,000 people in offices across 11 different countries and territories. Its global services office in Bangalore, India, supporting the firmas business around the world, employs an additional 4,100 people.

Goldman Sachs has been an active participant in Chinaas capital markets since the early 1990s, establishing representative offices in Beijing and Shanghai in 1994. Today, the firmas China platform, which includes its joint venture, Goldman Sachs Gao Hua, and its domestic partner, Beijing Gao Hua Securities, is engaged in investment banking, asset management, private wealth management and securities trading.

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

Contributing Sources