(Dec 9): Goldman Sachs Group Inc revamped the leadership lineup of its merger advisory business in Japan, naming Satoshi Yamagata and Masateru Takechi as co-heads in its latest push to expand in the country.
With the appointments, Yoshihiko Yano will become M&A chair at the Wall Street bank’s Tokyo securities subsidiary, according to an internal memo seen by Bloomberg News and confirmed by a spokesperson. Yano will retain his role as Asia-Pacific M&A joint chief alongside Raghav Maliah and Ed Wittig, as well as co-head of Japan investment banking.
International competition to capture a larger share of Japan’s thriving deals market is intensifying. Goldman Sachs Japan Co has recruited veteran investment bankers this year from Citigroup Inc and UBS Group AG, while making personnel shuffles to boost its capital markets business.
Yamagata, who joined the firm in 2008, is co-head of the financial institutions group in Japan, with additional coverage responsibilities for healthcare clients. Takechi joined Goldman Sachs in 2009 and is a part of the technology, media and telecommunications group in Japan. Both are managing directors.
The dollar value of mergers and acquisitions (M&As) related to Japan has already reached the second highest level on record this year, according to data compiled by Bloomberg, as companies increasingly heed nationwide calls to overhaul for growth. Goldman Sachs is ranked second among advisers on M&A deals in the country this year, up from sixth for all of 2024, the data show.
Competition is also showing up in seminars and events. Goldman Sachs is holding its inaugural Japan M&A conference in Tokyo on Tuesday. Daiwa Securities Group Inc on Monday hosted its first DC FEST in Tokyo, an event featuring seminars and networking focused on cross-border dealmaking.
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