Goldman Sachs (GS) Appoints Mark Schwartz as Vice Chair of Asia Pacific Unit

June 12, 2012 7:48 AM EDT
The Goldman Sachs Group, Inc. (NYSE: GS) 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.

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.

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