A former a managing director and head of China mergers & acquisition at Goldman Sachs, has moved to a China-focused private equity firm.
In a blow to the U.S. bank's Chinese business, Andrew Huang has joined FountainVest Partners as managing director.
Huang served as managing director at Goldman from 2007 to 2017, responsible for Greater China mergers and acquisitions. He is based in Hong Kong.
Prior to his time at Goldman Sachs, he was the chief financial officer at Pan Media, a start-up media company, after initially spending three years at Goldman as a financial analyst from 2000 to 2003.
13 Great Years
Huang posted on his LinkedIn account «After 13 great years at Goldman Sachs, I've just started down a new path by joining FountainVest Partners, one of the largest private equity funds dedicated to China-related investments (including in global targets with China-related angles and growth potential).»
FountainVest was established in 2007 by ex-Temasek executive Frank Tang and others. Tang had also spent a large chunk of his career at Goldman Sachs.
Among FountainVest's existing investors are pension plans, sovereign wealth funds and insurance companies in North America, Europe, Australia, Middle East and Asia.
