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Professor Kenneth S. Courtis To Join Goldman Sachs

MEDIACOM-RELEASE-

GOLDMAN-SACHS-ASIA

Professor Kenneth S. Courtis To Join Goldman Sachs

TOKYO, Jan 27, 2000 / HK PRNewswire-AsiaNet /-- Goldman Sachs, the global investment bank, announced today that Professor Kenneth Courtis has joined the firm as a Managing Director and Vice Chairman, Goldman Sachs Asia.

In his previous position, he was Chief Economist and Strategist for the Deutsche Bank Group Asia Pacific.

Mr. Mark Schwartz, the Chairman of Goldman Sachs Asia said: "Ken Courtis has had a distinguished career as an economist, strategist, author and policy analyst. He brings a unique perspective to the firm as Asian corporations and governments find themselves operating increasingly in a single global economy. I am delighted he will be bringing his talents to bear in our Asia operations and I look forward to working with him closely as we develop strategies both for the firm and our clients in Asia around the world."

Added Professor Courtis: "I am pleased to be associating myself with a firm of the global reach of Goldman Sachs and joining people whom I have known and respected over the years. The issues that the firm and its clients face in the next several years will be intensely challenging and I look forward to working wih my colleagues here in helping solve them. "

Professor Courtis is an honors graduate of Glendon College in Toronto. He has an M.A. from Sussex University in England, an MBA froom INSEAD and a Doctorate wit honors and the highest distinction from the Institute of Economic and Political Studies in Paris. He is the recipient of numerous awards and distinctions for his research, a well-known lecturer at major universities and the author of a number of significant publications.

A complete biography of Professor Courtis is attached.

Goldman Sachs is a leading global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms in the world. After more than a century as a private partnership, the firm became a public company in 1999. The Goldman Sachs Group is headquartered in New York and has regional hubs in Tokyo, London and Hong Kong. It has a total of 41 offices in 23 countries worldwide.

Professor Kenneth S. Courtis

Managing Director

Vice Chairman

Goldman Sachs Asia

Professor Kenneth S. Courtis is Managing Director of Goldman Sachs and Vice Chairman of Goldman Sachs Asia. Professor Courtis advises the firm on economics and strategy throughout the Asia- Pacific region as well as in Europe and North America.

Professor Courtis has won numerous prizes and distinctions for his research and is a valued advisor on international economic, financial and investment matters. He has lectured and written widely on the related fields of international finance, macro-economic policy, global capital markets and strategy. He is a prominently quoted commentator on global economic, financial and political developments.

Professor Courtis has published on major international economic, public policy, investment, and strategy issues and frequent guest commentator on television news programs. He has lectured at Keio and Tokyo universities and at leading universities in Europe and North America. He serves on the International Advisory Boards of a variety of leading international firms, Asian Internet companies, public policy organizations, and universities.

After graduating with honours from Glendon College in Toronto, Professor Courtis received a M.A. in international economics from Sussex University, England, a M.B.A. in finance and strategy from INSEAD (European Institute of Business Administration), and a Doctorate, with honours and the highest distinction, from the Institute of Economic and Political Studies in Paris. Prior to joining Goldman Sachs, he served as Chief Asia Economist and Strategist for Deutsche Bank.

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