Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Fang Fenglei and Fred Hu: one bank, two rainmakers

More on Fang Fenglei

Why the China rainmaker just won’t go awayThe ins and outs of mandate hunting 

Lee Zhang: at the top of the Deutsche tree I Zhang Liping and Janice Hu: quietly getting deals done I Henry Cai: a new breed of dealmaker

Fang Fenglei, Goldman Sachs

Fang Fenglei: wields incredible clout

Ever keen to distance itself from the pack, Goldman Sachs boasts not one China rainmaker but two – Fang Fenglei and Fred Hu. On the face of it they couldn’t be more different. Hu, Goldman’s China head of investment banking, is the steadier of the two: white-collar and urbane, described by one colleague as "brilliant, intense, erudite, a model China banker with relations across the [financial institutions] sector". Fang, chairman of the bank’s landmark mainland securities partnership – Goldman Sachs Gao Hua (GSGH) – is the blue-collar banker with a common touch: mercurial, legendarily stubborn, a whirling dervish who clicks immediately with hard-bitten directors of state-run enterprises and privately owned corporations. Both are, in their own ways, hard to control, yet they head what is probably the best investment banking team in China today.