Goldman Sachs names Iain Drayton co-head of investment banking in Asia

Drayton is currently co-chief operating officer of the firm’s Asian investment bank

Goldman’s second-quarter global investment banking business generated record net revenues of US$2.66 billion

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Goldman’s entire Asian operations generated revenues of US$3 billion in the first half, up from US$2.2 billion a year earlier. Photo: Reuters

Published: 2:06pm, 30 Sep 2020Updated: 3:50pm, 30 Sep 2020

US investment bank Goldman Sachs has named Iain Drayton as co-head of its investment banking division across Asia excluding Japan.

Drayton will work alongside Todd Leland in the role and liaise closely with Goldman’s global investment banking heads Dan Dees and Gregg Lemkau, as well as regional country, industry and product heads, according to a memo viewed by the Post on Wednesday.

Drayton currently wears several hats at Goldman. He is the co-chief operating officer at the firm’s Asian investment bank, head of its financial and strategic investors group in Asia-Pacific as well as leading its investment banking services team in the region.

Drayton joined Goldman as a managing director in 2006 in Tokyo. He relocated to Hong Kong in 2010 and was named partner in 2014.

Goldman Sach's Iain Drayton wins promotion. Photo: Handout

Goldman’s entire Asian franchise generated revenues of US$3 billion in the six months ended June, up from US$2.2 billion in the same period a year earlier. Meanwhile, in the second quarter its global investment banking business generated record quarterly net revenues of US$2.66 billion, including record quarterly net revenues in both equity and debt underwriting.