Goldman Sachs announced that Mark Schwartz will return as a Vice Chairman of the firm and Chairman of Goldman Sachs Asia Pacific. Schwartz will be based in Beijing, underscoring the importance of China, and more broadly, the Asia Pacific region, to the firm’s overall business. J. Michael Evans, who has served as Chairman of Asia Pacific since 2004, will continue to leverage his deep relationships and experience across the region in his role as a Vice Chairman of the firm and Global Head of Growth Markets, based in New York.
Markets fell sharply as investors piled back into safer assets, unnerved by unexpected weakness in China's economy …