Michael Yu, marketer at Deutsche Bank in Hong Kong, has joined Goldman Sachs as director and head of Hong Kong institutional sales for the fixed income, currencies and commodities group, according to Edward Naylor, spokesman in Hong Kong. The position is a new role to boost the firm's coverage of the Hong Kong market, noted Naylor, declining to elaborate on further why Goldman is making the move. Yu declined comment on his move and Michael West, spokesman at Deutsche Bank, did not return messages by press time.