People Moves
Goldman Sachs Begins Rebuilding Perth Office

Australian stockbroker Goldman Sachs JB Were, left with just three investment advisers in its Perth office after 16 staff defected to rival Citi Smith Barney last month, has begun rebuilding its Perth office by announcing four appointments. Jason Farrow, who worked for PricewaterhouseCoopers and Macquarie Bank before helping to establish investment advisory firm Tait Farrow Azure, joined Goldman Sachs earlier this month as a senior advisor. Dwight Clark has been recruited from Capital Partners Consulting as a financial planner. He joined on 15 November. Amanda Telling has transferred from Goldman Sachs' Sydney office as an advisor, while Michelle Loke has joined the firm as an analyst. Goldman's managing director and head of private wealth management Paul Heath said his firm was committed to the Perth market and was aiming to rebuild its presence here. It has attempted to cover the losses from its Perth team by flying in up to eight staff from its interstate offices. Citi Smith Barney will have a total of 36 investment advisors in Perth when the new recruits commence.