People Moves

Goldman Sachs Appoints Chief Investment Strategist For China Drive

Vanessa Doctor Asia Correspondent 24 August 2011

Goldman Sachs Appoints Chief Investment Strategist For China Drive

Goldman Sachs, the global bank and investment manager, has named Ha Jiming to the newly-created role of vice chairman and chief investment strategist for its China-based investment management division. 

Ha was previously the managing director at the bank's investment banking unit in China. Prior to that, he served as chief economist at China International Capital Corp. In his new role, he will be responsible for interpreting macro themes to private clients looking for investment opportunities in the country. He reports jointly to Ronald Lee and Kaven Leung, the co-heads of private wealth management for Asia Pacific.

Goldman is bolstering its presence in China after pulling out of its joint venture with Ping An Insurance in 2005. The bank recently launched a Renminbi fund in conjunction with the Beijing Municipal government. In May this year, Goldman Sachs introduced a fund with a target generation of RMB5 billion, mostly from wealthy individuals and institutions in the country. 

Goldman currently has a joint venture in China with Beijing Gao Hua Securities, which allowed it to seed an onshore private wealth business in 2009. 

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