(Bloomberg) -- Goldman Sachs Group Inc., the world's
most profitable investment bank, couldn't name the co-head of
investment banking in Asia as chief executive officer of its
Beijing joint venture because his knowledge of Chinese was too
weak, three bankers at the firm said.
Richard Ong, an ethnic Chinese born in Malaysia, didn't
write Chinese well enough to take a mandatory test for senior
managers, said the bankers, declining to be identified as the
matter is private. New York-based Goldman instead promoted Zha
Xiangyang, deputy CEO of its China joint venture, Goldman Sachs
Gao Hua Securities Co., in May.
Read more at Bloomberg Emerging Markets News
most profitable investment bank, couldn't name the co-head of
investment banking in Asia as chief executive officer of its
Beijing joint venture because his knowledge of Chinese was too
weak, three bankers at the firm said.
Richard Ong, an ethnic Chinese born in Malaysia, didn't
write Chinese well enough to take a mandatory test for senior
managers, said the bankers, declining to be identified as the
matter is private. New York-based Goldman instead promoted Zha
Xiangyang, deputy CEO of its China joint venture, Goldman Sachs
Gao Hua Securities Co., in May.
Read more at Bloomberg Emerging Markets News
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