Goldman Sachs Appoints Penkin to Newly Created Head of Growth Markets – ECM

Goldman Sachs Group has appointed Jonathan Penkin to the role of Head of Growth Markets – Equity Capital Markets (ECM), a newly created position at the lender, in a bid to push the importance of companies across Asia, Africa, and Europe with regards to global deal making and mergers and acquisitions (M&A).

Mr. Penkin had previously served Goldman Sachs as its co-Head of Asia-Pacific (APAC) Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or Read this Term) and co-Head of ECM in the region simultaneously, however the new appointment will see him relinquishing both positions, paving the way for an eventual move from Hong Kong to London.

Consequently, in his new role as the Head of Growth Markets, Mr. Penkin will be tasked with overseeing Europe, Middle East, and Africa (EMEA), as well as Asia, given increased investment activity kindled by heightened Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term and investment flows in 2015.

According to a recent memo from Goldman Sachs regarding the newly created position: “Growth markets are a key focus for the firm as corporate activity has intensified in these markets and investment flows have become more robust and volatile.”

Following the move, Goldman’s Aaron Arth will become the sole Head of ECM in Asia, excluding Japan, additionally overseeing both Australia and New Zealand. Mr. Penkin will be the regional chairman of that division.