Goldman Sachs replaces its ANZ head of equities

Goldman Sachs told staff this week it has appointed Mark Davis as its Head of Australian and New Zealand Equities.

After an exodus of Goldman Sachs operatives from its Australian equities team, the Wall Street bank has taken the first step two months later in replacing staff by hiring a former Credit Suisse banker.

Goldman Sachs told staff this week it has appointed Mark Davis as its Head of Australian and New Zealand Equities.

He was most recently a managing director and head of global markets equities for Australia at Credit Suisse, based in Sydney, and was a member of the bank’s investment bank global senior leadership group, the Asia Pacific global markets equity management committee and the Australian management committee.

Credit Suisse was purchased by UBS in a deal forced upon it by the Swiss regulator in 2023 after it came close to collapse.

It comes after the well respected Goldman Sachs head of equities for Australia and New Zealand, Mario Argyrides, resigned from the Wall Street bank to join Jefferies Australia.

Mr Argyrides had worked for Goldman Sachs since September 2017, joining from Macquarie Group.

Other team members also followed him out the door, including hedge fund and sales executives.

It follows the departure of Mike Johnson as head of equity sales and Andrew Norman as head of equities from Jefferies Australia in recent months.

Goldman Sachs head of ANZ equity capital markets Ian Taylor also left last year to join APM Human Services, with Aaron Lamshed taking over his duties.