Wednesday, November 25,  3:42 pm

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Alan Zhang joined Goldman, Sachs & Co. as a managing director and head of Greater China securities. At Deutsche Bank AG, for China, he was head of the institutional client group, debt and equity, and head of global markets equity.

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Kohlberg Kravis Roberts & Co. appointed Lee Stern, a managing director at GSO Capital Partners LP, as a director responsible for originating and structuring mezzanine investments. Based in New York, Stern joins KKR Asset Management. Earlier, he was an executive vice president and chief transaction officer at Technology Investment Capital Corp.

In 1999, Stern was a founding partner of Thomas Weisel Partners LLC. From 1992 to 1996, he was a managing director at Nomura Securities International Inc., where he helped build the merchant banking and principal debt investing business. He was also on its underwriting and commitment committees. Stern has been a managing director at Kidder, Peabody & Co., Drexel Burnham Lambert and L.F. Rothschild, Unterberg, Towbin.

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Check The Deal Pipeline for updates on these Movers & shakers:

-- Wells Fargo & Co. said 23-year veteran Dick Kovacevich (pictured) will step down as chairman and a director at the end of 2009.

-- In Canada, Deutsche Bank AG made four new hires in its commodities business in the global markets division.

-- Carlyle Group said Gregory Summe will join the firm in October in Washington as vice chairman of global buyout.

Look for these and more on Who's in, who's out!





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