Goldman Names Fan Co-Head of China Banking as Deals Surge (2)

Goldman Sachs Group Inc. named Sean Fan as co-head of investment banking for China as it ramps up its business and is on pace to hit a record in helping Chinese firms sell stocks.

Fan will head the business alongside Wei Cai, who joined in 2018 as a partner, according to an internal memo. Christopher Jun, a spokesman at the bank, confirmed the contents of the memo. Fan joined from Goldman’s asset management arm, where he’s currently responsible for corporate private equity investments in China, the memo said.

Goldman has underwritten $73.7 billion in Chinese stock sales globally so ...