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.
Schwartz will be based in Beijing, underscoring the importance of China,
and more broadly, the Asia Pacific region, to the firm’s 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.
"We are pleased that Mark Schwartz is rejoining Goldman Sachs,” said
Lloyd C. Blankfein, Chairman and Chief Executive Officer of Goldman
Sachs. "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.”
"I’m very excited to be returning to Goldman Sachs and especially
interested to be able to live and work again in Asia,” said Schwartz.
"The Asia Pacific region continues to represent many of the most dynamic
and important economies in the world and I’m thrilled to help lead
Goldman Sachs’ efforts as we respond to the multi-faceted needs of our
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 firm’s franchise. He will rejoin the firm’s 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 Children’s 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 Schwartz’s
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 firm’s
business around the world, employs an additional 4,100 people.
Goldman Sachs has been an active participant in China’s capital markets
since the early 1990s, establishing representative offices in Beijing
and Shanghai in 1994. Today, the firm’s 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