A decade ago, Fred Hu was the consummate Goldman Sachs rainmaker. As China head of investment banking, he was responsible for delivering some of the deals that placed Goldman at the pinnacle of the industry at that time.
Goldman staff still talk about many of them today, like the billions the bank made on its private equity stake in ICBC ahead of its October 2006 IPO and its co-sponsor role on the Bank of China international listing the same year.
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