Goldman Sachs snaps up ex-Deutsche commodities MD to lead Africa sales
Evan Morris, an ex-Deutsche Bank MD who was latterly in a commodities structuring position, has remerged at Goldman Sachs – in an Africa-focused sales role.
Morris joined Goldman in September as a managing director in FICC EMEA sales, as head of Africa sales. As we reported in July, he was one of a duo of senior commodities bankers to leave Deutsche Bank in the wake of its decision to pull back from this business area. Goldman confirmed the appointment.
His move into sales is a lesson in how to successfully navigate your way around a number of business areas. Senior bankers doling out career advice at HEC Paris last month pointed to the need to move laterally throughout your career if you want to make it to the top – the days of linear career paths are over, they suggested, and experience in multiple areas of the business is necessary to make it to a management position.
At Deutsche, where Morris worked for over 10 years, he held the role of head of asset liability management, but more recently moved across to commodities structuring. He was also part a taskforce at the bank which aimed to coordinate the bank’s response to deleveraging in the banking sector in the post-crisis and match clients looking to buy these assets.
Now, he appears to be returning to his roots by focusing on the African market. Morris started out his career as a trader in South African bank First Rand, before moving across to its merchant banking division. It helps, it seems, to have a range of expertise to fall back on.