Beijing-Based Partner Retires From Goldman Sachs, Retains Advisory Role

Tom Burroughes

3 January 2014

Yang Changpo, a Beijing-based partner at , has retired from the position after more than seven years with the firm, according to Bloomberg.

The executive, who joined Goldman Sachs in October 2006, will continue to work for the bank as an advisory director and will pursue charitable activities involving health care in China, he told the news service in an interview.

The report said Yang has become the third Beijing-based partner to step down from his position since December 2011.

Yang will remain a member of Goldman Sachs’s executive committee for China investment banking and serve as a mentor to bankers on that team, the report quoted a Goldman Sachs spokesperson as saying.

The departure follows that of Cai Jinyong, former chief executive officer of the Goldman Sachs Gao Hua Securities joint venture, who left in 2012 to run the International Finance Corp. Mark Machin, who moved to Beijing in 2009 to oversee the expansion of the advisory business in China, stepped down in December 2011 as vice-chairman for the Asia-Pacific region excluding Japan.