Goldman Poaches ex-McKinsey Boss to Bolster Asia Business

Sep 9 , 2021

Goldman Poaches ex-McKinsey Boss to Bolster Asia Business

Kevin Sneader, a former McKinsey executive, has been hired as Goldman Sachs' co-president for Asia-Pacific, months after he was fired from the top post at the global consulting firm.

Sneader will assist in the day-to-day administration of Goldman's activities in the area, including China, where the firm recently received regulatory clearance for a wealth management joint venture with ICBC, one of China's major banks.

"Kevin's worldwide and Asian expertise, as well as his extensive contacts with global and Asian customers in numerous industries, will be invaluable as we implement our plan", according to David Solomon, Goldman's CEO.

Beginning in November, Sneader will join Todd Leland as Goldman's co-president in the area, located in Hong Kong. Richard Gnodde, the CEO of Goldman Sachs International, who controls the bank's activities outside of North America, will be his boss.

“It's especially thrilling to be joining at a time when managing Asia's complexity and seizing its potential has never been more critical for clients inside and beyond the region,” Sneader said.

Last year, one of Goldman's Asian subsidiaries pled guilty to bribery charges as part of a $2.9 billion worldwide settlement with regulators over the 1MDB money-laundering affair.

Sneader, who was born in Scotland, served as the Asia-Pacific chair of McKinsey for four years until being named global managing partner in 2018. He was instrumental in establishing McKinsey as the largest of the global consulting companies in China and throughout a region that the industry still considers to be one of its most potential development areas.

In February, he was defeated for re-election as McKinsey's global managing partner, making him the first individual in that position since 1976 to serve only one three-year term.

The firm's 650 senior partners voted on Sneader's handling of various issues, including US lawsuits over the consultancy's guidance to opioid makers and its work in authoritarian nations.

Sneader took over as CEO of McKinsey as the firm dealt with the repercussions from a South African corruption scandal, and moved rapidly to tighten internal risk controls, be more careful about which customers it took on, and apologize for behavior that he described as "arrogant or irresponsible."

Subscribe Our Newsletter

Singapore Asks Crypto Firms Not to Market Services to Public
Singapore Asks Crypto Firms Not to Market Services to Public

Singapore's financial regulator has directed cryptocurrency businesses not to advertise their services to the general public, in keeping with the city-state’s goal of reducing retail speculation in volatile digital assets.

Crypto
Hong Kong Regulators Impose Limits on Investing in Spot Crypto ETFs
Hong Kong Regulators Impose Limits on Investing in Spot Crypto ETFs

According to the paper, the HKMA and SFC are giving the new guidelines in response to "a growing amount of requests" from services engaged in supplying digital asset-backed solutions to their clients.

Crypto
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Alexander

Invest $100 and Make $1,000 a Day: Best Strategies to Grow Your Money
Investing $100 and turning it into $1,000 a day may sound like a lofty goal, but with the right strategies, it's actually achievable. Whether you're looking for long-term growth or quicker returns, there are many ways to make your money grow – from traditional investment options to riskier ventures.

discover
How To Buy SafeMoon

Alexander

How to Buy SafeMoon and How Legit is it?

Learn about the controversial SafeMoon project, as well as the accusations of being a scam. Is it possible to buy SafeMoon today?

Blockchain
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business

    Constantine

    How to Start a White Label Brokerage?

    How to start a white label brokerage

    Constantine

    How to Start a Multi-Asset Brokerage?

    How to Start a Multi-Asset Brokerage

    Hazem

    Crypto Ransomware – How They Happen and How to Avoid Them

    Crypto ransomware explained

    Constantine

    Best Web3 Browsers in 2025

    Best Web3 Browsers

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.