Goldman appoints new head of emerging markets

Michael Evans’ promotion emphasizes importance to growth prospects; Internal politics also plays a role

Goldman has created the position for Michael Evans, who is one of the leading contenders to succeed Lloyd Blankfein as chairman and chief executive

Goldman has created the position for Michael Evans, who is one of the leading contenders to succeed Lloyd Blankfein as chairman and chief executive

In a sign of the growing importance of developing countries at Goldman Sachs, the firm plans to appoint Michael Evans in a newly created position of global head of emerging markets.

In an unprecedented move, Evans’s remit includes all core businesses, such as investment banking and wealth and asset management, across the Goldman network.

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