Goldman Sachs has hired H.C. Liu, Asian head of equity derivatives (ex-Japan) at Dresdner Kleinwort Wasserstein in Hong Kong, in a new position as director of equity derivatives sales in Hong Kong, according to David Voon, managing director and head of equity derivatives in Hong Kong. Voon declined further comment and Liu, who started two weeks ago, declined comment.
Goldman has been looking to expand its focus in Greater China, particularly in Hong Kong and Taiwan, since the middle of last year because of client demand for structured products in this region, according to an official.
Liu moved from Dresdner's Tokyo office to Hong Kong last year to set up a trading desk (DW, 5/31), but left last year when the firm decided to move its desk back to Tokyo. Nuala Connolly, spokeswoman in Tokyo, confirmed that after the merger with Allianz it decided to consolidate its desks in Tokyo. She declined comment on Liut.
