Goldman Taps Ousted McKinsey Head Sneader to Co-Run Asia

The transcript discusses a new hire at Goldman Sachs who will oversee Asia operations outside Japan. The hire, previously with McKinsey, faces scrutiny due to past crises. Goldman's strong presence in Asia, especially in IPOs, is highlighted, along with the challenges posed by geopolitical and financial factors. The role of consulting firms in investment banking is also explored, emphasizing the importance of client relations and geopolitical issues, particularly in China.

What was the reason for the new hire's departure from McKinsey?

• He retired voluntarily.

• He moved to a different industry.

• He was voted out by partners.

• He was promoted to a global role.

What is one of Goldman's strengths in Asia?

• Cryptocurrency trading

• Real estate investments

• Retail banking

• Underwriting IPOs

Which company was an early partner with Goldman in the US?

• Deutsche Bank

• HSBC

• CICC

• Barclays

What is a major focus for Goldman in Asia?

• Developing new technologies

• Building client relations

• Expanding into Europe

• Reducing operational costs

Why is China a significant region for Goldman Sachs?

• It is the headquarters of Goldman Sachs.

• It has a large number of tech giants.

• It has the lowest operational costs.

• It is the only region with no competition.