Steven Barg has resigned as head of global capital markets for Asia at UBS and will be joining Goldman Sachs as co-head of equity capital markets for Asia ex-Japan, sources said at the end of last week.
In his new role, Barg will work alongside Jonathan Penkin who until now has been sole head of ECM at Goldman. Barg will continue to be based in Hong Kong and is expected to start his new job in about three months, following the customary gardening leave.
As head of GCM at UBS, Barg was responsible for both ECM and the debt capital markets business. However, he was always more of an ECM banker, having worked in...
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