Hongyu Cai Joins Barrick Board
November 03 2021 - 11:55AM
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) today announced the
appointment of Hongyu Cai to its Board as an independent director.
Ms Cai is a finance and investment professional
with close to two decades of experience. After graduating from
Massachusetts Institute of Technology (MIT), she worked firstly
with Goldman Sachs Group (GS) in the United States and then with
China International Capital Corporation (CICC) in the Greater China
region until spring 2021.
When covering the American natural resources sector
in New York with GS as an equity research analyst, Ms Cai was
highly ranked by StarMine. Subsequently, she followed the US
technology sector. At CICC, as a managing director, she expanded
her scope, from metals and mining and basic material, to advanced
manufacturing and tech-enabled industry upgrades. Ms Cai was ranked
as Best Analyst by Institutional Investor and Asia Money in their
China Research Sector Polls for multiple years. The cross-border
financing and M&A tractions she led at CICC also won various
awards from Asia Money and The Asset.
She is a Chartered Financial Analyst and Chartered
Alternative Investment Analyst and was educated at Tsinghua
University in China and MIT in the US, with two master’s degrees
from MIT and multiple fellowship awards.
Executive chairman John Thornton said Ms Cai was
extensively versed in equity markets and all aspects of corporate
finance, from strategic planning to M&A transactions. “Her
experience in both the American and Chinese capital markets will
bring a unique perspective to the Board, particularly given China’s
position as a leading producer and consumer of gold, and the
biggest driver of copper demand in the world. Our strategic
partnership with Chinese mining companies in Argentina and Papua
New Guinea sets a good precedent for effective collaboration in
future,” he said.
Enquiries:
Investor and Media RelationsKathy du Plessis+44 20
7557 7738Email: barrick@dpapr.com
Website: www.barrick.com
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