Latest news with #IainDrayton
Yahoo
03-07-2025
- Business
- Yahoo
Goldman taps new global chairman of investment banking
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Goldman Sachs veteran Raghav Maliah has been appointed its global chairman of investment banking, according to a staff memo seen by Banking Dive. 'As we continue to grow and unite our investment banking business across Asia Pacific, Raghav will lead our work with a broader array of clients, leveraging his deep understanding of global industries and markets to advance our franchise,' the memo said. 'Raghav is among our most seasoned and strategic bankers, and he has steered many of the firm's significant and complex client relationships for decades through his various leadership roles in Asia Pacific.' Maliah currently serves as co-head of mergers and acquisitions in Asia Pacific, as well as head of the region's technology, media and telecommunications group, excluding Japan. He took the helm of the former in September, alongside co-heads Yoshihiko Yano and Ed Wittig, Reuters reported. Maliah will retain those roles alongside his chairmanship, according to the memo. Goldman is rejigging its Asia business to get its hands on more of the region's market share, head of investment banking Asia Pacific Iain Drayton told Reuters last month. The bank is consolidating its Japan, Australia and New Zealand, and Asia ex-Japan businesses into one regional entity under Drayton. 'On an APAC basis, we're seeing some strong tailwinds at the moment — quite a contrast to the headwinds that defined the past two to three years,' Drayton said. 'Market sentiment, investor engagement, and transaction momentum are all moving in a more constructive direction,' he told the wire service. Recommended Reading Whither the investment-banking chief? Sign in to access your portfolio
Zawya
18-06-2025
- Business
- Zawya
Goldman Sachs leveraging revamp to boost Asia investment banking share, says regional top banker
HONG KONG: Goldman Sachs will leverage a major revamp in Asia to capture a larger share of the investment banking market and capitalize on "strong tailwinds", the Wall Street bank's newly appointed regional investment banking chief told Reuters. Since September 2024, the bank has unified its merger and acquisition (M&A) teams, combined financial and strategic investor units and introduced a capital solutions group in the region, before merging three investment banking businesses and appointing Iain Drayton to head the integrated regional franchise last month. The 19-year Goldman veteran, speaking for the first time since the revamp, said the regional integration is seen as a way to "expand the overall commercial opportunity in Asia-Pacific". "By operating as a unified APAC platform, we can provide broader insights, more seamless execution, and deeper, regionally coordinated coverage," he said. Before the revamp, Goldman Sachs' investment banking businesses in Japan, Australia and New Zealand, and the rest of Asia were separately operated. Drayton, who previously led the Asia operations excluding Japan, said there has been a clear pickup in large-scale M&A and a meaningful uptick in equity capital markets activity across the region following the integration. "On an APAC basis, we're seeing some strong tailwinds at the moment — quite a contrast to the headwinds that defined the past two to three years," Drayton said. "Market sentiment, investor engagement, and transaction momentum are all moving in a more constructive direction." Wall Street banks have voiced concerns over delays for deals as U.S. tariff policies roiled markets and stalled activity. But dealmaking has resumed and markets have stabilised in Asia in recent weeks, with investors poised to deploy capital where valuations are compelling, Drayton said. Goldman Sachs ranked top in Asia Pacific's equity capital markets league table this year as of Monday, having worked on $12 billion worth of such deals, ahead of rivals JP Morgan and Morgan Stanley, data from Dealogic showed. The bank placed third in announced M&A, advising on $111 billion of deals, trailing Nomura Holdings and Morgan Stanley, the data showed. (Reporting by Selena Li and Kane Wu; Editing by Saad Sayeed)
Reuters
18-06-2025
- Business
- Reuters
Goldman Sachs leveraging revamp to boost Asia investment banking share, says regional top banker
HONG KONG, June 18 (Reuters) - Goldman Sachs (GS.N), opens new tab will leverage a major revamp in Asia to capture a larger share of the investment banking market and capitalize on "strong tailwinds", the Wall Street bank's newly appointed regional investment banking chief told Reuters. Since September 2024, the bank has unified its merger and acquisition (M&A) teams, combined financial and strategic investor units and introduced a capital solutions group in the region, before merging three investment banking businesses and appointing Iain Drayton to head the integrated regional franchise last month. The 19-year Goldman veteran, speaking for the first time since the revamp, said the regional integration is seen as a way to "expand the overall commercial opportunity in Asia-Pacific". "By operating as a unified APAC platform, we can provide broader insights, more seamless execution, and deeper, regionally coordinated coverage," he said. Before the revamp, Goldman Sachs' investment banking businesses in Japan, Australia and New Zealand, and the rest of Asia were separately operated. Drayton, who previously led the Asia operations excluding Japan, said there has been a clear pickup in large-scale M&A and a meaningful uptick in equity capital markets activity across the region following the integration. "On an APAC basis, we're seeing some strong tailwinds at the moment — quite a contrast to the headwinds that defined the past two to three years," Drayton said. "Market sentiment, investor engagement, and transaction momentum are all moving in a more constructive direction." Wall Street banks have voiced concerns over delays for deals as U.S. tariff policies roiled markets and stalled activity. But dealmaking has resumed and markets have stabilised in Asia in recent weeks, with investors poised to deploy capital where valuations are compelling, Drayton said. Goldman Sachs ranked top in Asia Pacific's equity capital markets league table this year as of Monday, having worked on $12 billion worth of such deals, ahead of rivals JP Morgan (JPM.N), opens new tab and Morgan Stanley (MS.N), opens new tab, data from Dealogic showed. The bank placed third in announced M&A, advising on $111 billion of deals, trailing Nomura Holdings (8604.T), opens new tab and Morgan Stanley, the data showed.
CNA
18-06-2025
- Business
- CNA
Goldman Sachs leveraging revamp to boost Asia investment banking share, says regional top banker
HONG KONG :Goldman Sachs will leverage a major revamp in Asia to capture a larger share of the investment banking market and capitalize on "strong tailwinds", the Wall Street bank's newly appointed regional investment banking chief told Reuters. Since September 2024, the bank has unified its merger and acquisition (M&A) teams, combined financial and strategic investor units and introduced a capital solutions group in the region, before merging three investment banking businesses and appointing Iain Drayton to head the integrated regional franchise last month. The 19-year Goldman veteran, speaking for the first time since the revamp, said the regional integration is seen as a way to "expand the overall commercial opportunity in Asia-Pacific". "By operating as a unified APAC platform, we can provide broader insights, more seamless execution, and deeper, regionally coordinated coverage," he said. Before the revamp, Goldman Sachs' investment banking businesses in Japan, Australia and New Zealand, and the rest of Asia were separately operated. Drayton, who previously led the Asia operations excluding Japan, said there has been a clear pickup in large-scale M&A and a meaningful uptick in equity capital markets activity across the region following the integration. "On an APAC basis, we're seeing some strong tailwinds at the moment — quite a contrast to the headwinds that defined the past two to three years," Drayton said. "Market sentiment, investor engagement, and transaction momentum are all moving in a more constructive direction." Wall Street banks have voiced concerns over delays for deals as U.S. tariff policies roiled markets and stalled activity. But dealmaking has resumed and markets have stabilised in Asia in recent weeks, with investors poised to deploy capital where valuations are compelling, Drayton said. Goldman Sachs ranked top in Asia Pacific's equity capital markets league table this year as of Monday, having worked on $12 billion worth of such deals, ahead of rivals JP Morgan and Morgan Stanley, data from Dealogic showed. The bank placed third in announced M&A, advising on $111 billion of deals, trailing Nomura Holdings and Morgan Stanley, the data showed.
Yahoo
18-06-2025
- Business
- Yahoo
Goldman Sachs leveraging revamp to boost Asia investment banking share, says regional top banker
By Selena Li and Kane Wu HONG KONG (Reuters) -Goldman Sachs will leverage a major revamp in Asia to capture a larger share of the investment banking market and capitalize on "strong tailwinds", the Wall Street bank's newly appointed regional investment banking chief told Reuters. Since September 2024, the bank has unified its merger and acquisition (M&A) teams, combined financial and strategic investor units and introduced a capital solutions group in the region, before merging three investment banking businesses and appointing Iain Drayton to head the integrated regional franchise last month. The 19-year Goldman veteran, speaking for the first time since the revamp, said the regional integration is seen as a way to "expand the overall commercial opportunity in Asia-Pacific". "By operating as a unified APAC platform, we can provide broader insights, more seamless execution, and deeper, regionally coordinated coverage," he said. Before the revamp, Goldman Sachs' investment banking businesses in Japan, Australia and New Zealand, and the rest of Asia were separately operated. Drayton, who previously led the Asia operations excluding Japan, said there has been a clear pickup in large-scale M&A and a meaningful uptick in equity capital markets activity across the region following the integration. "On an APAC basis, we're seeing some strong tailwinds at the moment — quite a contrast to the headwinds that defined the past two to three years," Drayton said. "Market sentiment, investor engagement, and transaction momentum are all moving in a more constructive direction." Wall Street banks have voiced concerns over delays for deals as U.S. tariff policies roiled markets and stalled activity. But dealmaking has resumed and markets have stabilised in Asia in recent weeks, with investors poised to deploy capital where valuations are compelling, Drayton said. Goldman Sachs ranked top in Asia Pacific's equity capital markets league table this year as of Monday, having worked on $12 billion worth of such deals, ahead of rivals JP Morgan and Morgan Stanley, data from Dealogic showed. The bank placed third in announced M&A, advising on $111 billion of deals, trailing Nomura Holdings and Morgan Stanley, the data showed.
