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Goldman feels the heat in Asia as IPO engine slows

By Denny Thomas and Sumeet Chatterjee HONG KONG (Reuters) – Goldman Sachs failed to make it to the upper echelon of Asia's equity market fee earners for the first time in more than a decade, hit by a squeeze in fees that is prompting the U.S. bank to cut back jobs in the region. Goldman has shared dominance of the Asia Pacific equity capital market arena with UBS and Morgan Stanley since clinching the mandate for China's first privatisation in 1997.

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Goldman feels the heat in Asia as IPO engine slows