Goldman Names New Investment Banking Co-Heads in Australia

(Bloomberg) --

Goldman Sachs Group Inc. made a raft of new appointments to its leadership in Australia and New Zealand, including new co-heads for investment banking and a new chairman for the region.

Zac Fletcher and Nick Sims will become co-heads of corporate advisory in Australia and New Zealand after Christian Johnston is appointed as the bank’s chairman for the region, according to memos seen by Bloomberg News on Tuesday. Marissa Freund will become head of mergers and acquisitions in Australia and New Zealand.

“Christian will have greater scope to focus on further deepening and strengthening investment banking and firm-wide client relationships across the ANZ region,” James Paradise and Todd Leland, co-presidents for Asia Pacific ex-Japan at Goldman, said in the memo. “He will also continue to draw on his considerable experience as a highly sought-after adviser to lead and drive execution on important M&A transactions.”

Goldman Sachs ranks No. 1 in M&A deals in Australia and New Zealand with a 17% market share this year, according to data compiled by Bloomberg. UBS Group AG is closely behind with a 16.3% market share, followed by BofA Securities.

Fletcher and Sims are currently co-chief operating officers of investment banking in Australia and New Zealand. Fletcher joined the bank in 2005 and was named managing director in 2009. Sims, who joined Goldman in 2009, became a partner in 2016.

A representative for Goldman Sachs declined to comment.

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