Goldman hires two to strengthen its Korean DCM team

The American investment bank has announced the hiring of Do Jin Kim and Byung Woo Cho with the aim of bolstering its Korean DCM business.
In a move geared towards strengthening its footprint in the Korean debt capital markets, Goldman Sachs has announced the appointments of two senior members to its Asian financing group.

Do Jin Kim joins the firm as managing director from UBS where he was head of its Korea debt capital markets group. He will be based in Seoul.

Byung Woo Cho joins as an executive director also from UBS, where he was an executive director in the debt capital markets group. He will now be based in GoldmanÆs Hong Kong office.

Both will report to Harvey Lee, GoldmanÆs head of DCM for Asia ex-Japan.

Both Cho and Kim joined UBS from similar positions at JPMorgan in 2004.

Goldman is already a mainstay on the Korean Ministry of Finance bond issues as well as providing the advisory on the sovereignÆs long-term foreign currency debt rating. With the new hires, Goldman is seeking to further enhance its position in the wider space of KoreaÆs debt market.

Kim and Cho will be responsible for strengthening the firm's ability to provide debt related financing solutions for Korean corporates and financial institutions.
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