Daily Management Review

Morgan Stanley Employee Named Goldman Sachs Asian Healthcare Group’s Chairman


06/26/2019


At a time of surging healthcare deals, Goldman Sachs finds new face to chair its Asian healthcare group, while Japan remains an exception.



Source: wikipedia.org; (CC BY-SA 3.0)
Source: wikipedia.org; (CC BY-SA 3.0)
Goldman Sachs has named employee of Morgan Stanley, Samuel Thong, as the Chairman of “the healthcare group” for the Asian banks while Japan “investment banking division” being the exception, reported people familiar with the decision.
 
Furthermore, Thong will also serve as the joint head of Goldman Sachs’ “healthcare group in Asia excluding-Japan”, while he is scheduled to take up his new responsibilities from the following month, informed the sources, requesting anonymity since the news has not been made public yet.
 
According to Reuters:
“Before covering healthcare investment banking in Asia at Morgan Stanley, Thong worked at Bank of America Merrill Lynch, according to the people and the information available in his LinkedIn profile”.
 
Nevertheless, a spokesperson of Goldman Sachs, Hong Kong, has confirmed the news of Thong’s hiring. The said step of Goldman Sachs comes at a time when we observe, “a surge in healthcare deals in the region”, especially in “Chinese firms such as Hansoh Pharmaceutical Group that raised roughly $1 billion this month in an IPO”.
 
 
References:
reuters.com







Science & Technology

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

Google turns the screws on political ads

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

World Politics

World & Politics

Massive blackout unfolds in Venezuela

French And Russian Presidents To Discuss The Moratorium On Missiles In Europe

EU adopts budget for 2020, more funds allocated to climate change fight and innovation

Israeli prime minister indicted in three criminal cases

Argentina finds a way to pay off IMF loan

Sweden closes Assange rape inquiry

Has Chile Put All Its Eggs In One Basket To Turn Towards Renewable Energy?

‘We Are Woefully Underprepared’ As Glaciers Meltdown Leaving Global Water Supply At Risk