China ecommerce group Alibaba has appointed a former Goldman Sachs banker president, tasking him with overseeing the group’s global expansion.
The choice of Michael Evans, who has been an independent director on the group’s board since last year, underlines the close links between the Wall Street elite and Alibaba, which launched an initial public offering in New York last September for a record $25bn.
The appointment will make Mr Evans, a Canadian, the most senior foreign executive in Alibaba. Tim Steinert, general counsel, is American. The appointment of Mr Evans appeared designed to shore up the company’s US strategy two months after it sold 11 Main, the US ecommerce business it had started only the previous year.
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