Asia looks like the place to be if you want to scale the heights at Goldman.
The bank's latest list of managing director (MD)-promotes, posted on its website yesterday, contains more than the usual smattering of Asian names.
Of a record 299 new Goldman MDs, 17% are from Asia ex-Japan (including India). At present, just 7% of the firm's MDs are in the region, implying (albeit tenuously) that senior Goldman bankers in Asia ex-Japan have a greater chance of being promoted.
By comparison, Goldman's US executive directors appear to be becoming progressively less popular. A total of 59% of the firm's current MDs are based in the US and the Americas, while only 43% of its new promotes are on the same continent as Wall St....