Goldman Sachs has relocated Stuart Riley, a partner at the firm, from London to Hong Kong to be co-head of macro trading in Asia Pacific ex Japan, effectively immediately.
Riley was previously head of European interest rate swaps trading and co-head of European interest rate products, according to an internal memo seen by Asiamoney PLUS.
He will work with the US bank’s current head of macro trading in Asia Pacific, Leland Lim, to manage the business.
Riley has been with the bank since 2000 and elevated to the level of managing director in 2008 and partner in 2010. Prior to his role leading European interest rate products, he worked in hedge fund sales in the bank’s fixed income, currency and commodities division.
In addition to Riley’s appointment, it is understood that another Goldman partner, James Houghton, will also relocate to Hong Kong.
Houghton, who was made partner in 2008, previously ran the firm’s macro sales desk, including interest rates and foreign exchange, in New York. He is expected to take a similar role in Asia. Prior Goldman, he worked for UBS Warburg.
The moves mark the latest senior appointments by the bank in Asia this year. Most notable of Goldman’s hires is Mark Schwartz, who rejoined the bank in June to become vice president of the firm and chairman of Goldman Sachs Asia Pacific, based in Beijing.
Schwartz rejoined Goldman after 11 years away. He previously worked at Goldman from 1979-2001, elevating to the role of president of Goldman Sachs Japan and Asia Pacific chairman before departing the bank.
He rejoined from MissionPoint Capital Partners, an investment firm that co-founded.