Goldman Sachs Group hired Kevin Sneader, who was voted out as head of McKinsey & Co amid an uproar over its role in fuelling the opioid crisis in the US, to co-run the firm’s Asia-Pacific operations.
The move makes Sneader the bank’s most prominent outside hire for Asia ever, arriving as the company moves beyond international probes into its role in looting of Malaysia’s 1MDB investment fund. He will serve as co-president for the region, excluding Japan, the firm told staff on Wednesday (Thursday AEST) in a memo. Working from Hong Kong, he will join as a partner and become a member of the powerful management committee.
