investor daily logo

Goldman Sachs nabs Credit Suisse MD to lead local equities arm

By Jessica Penny
3 minute read

Mark Davis is joining Goldman Sachs as a managing director and head of Australian and New Zealand (ANZ) equities.

Davis is set to lead the investment bank’s equities team and will work closely with regional leadership to drive its strategy to further its client franchise in the region.

In an internal memo shared to staff this week, Goldman Sachs Australia chief executive Simon Rothery, head of APAC equities Dmitri Potishko and Asian head of equities distribution Rob Drake-Brockman clarified that he will also become a member of the firm’s ANZ operating committee.

“Please join us in welcoming Mark to the team,” the trio wrote.


“We look forward to his leadership and contributions to our clients and to further strengthening our leading position in the Australian and New Zealand markets.”

Davis brings more than 25 years of experience in financial services - with roles based in Sydney, London, Tokyo and Hong Kong - having led teams across global markets, institutional, corporate and business banking, financial technology and transaction banking.

He joins the company from Credit Suisse, having spent the last five years as a managing director and head of global markets equities Australia, 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.

Before this, Davis was a senior executive with Western Union Australasia, and previously worked with Deutsche Bank for almost a decade as a managing director and Asia Pacific regional business head, based in both Hong Kong and Tokyo.

Moreover, he began his career with Bankers Trust in Australia, and has also worked with J.P. Morgan and Citibank in Tokyo, London and Sydney.

In September former federal treasurer Josh Frydenberg was appointed as the new chairman of Goldman Sachs’ Australian and New Zealand business.

Frydenberg originally joined Goldman Sachs last July, in the role of senior regional adviser for the Asia-Pacific region after losing his seat in the 2022 federal election.

Similarly, his appointment as chairman was confirmed in an internal memo issued by the investment bank.

The Australia and New Zealand chairman role was previously held by Christian Johnson, who moved into the role of advisory director in March after 20 years at Goldman Sachs.