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Ant Financial Close to Hiring Former Goldman Sachs Banker Feagin

Alipay logos dress up a train station in Shanghai.

Ant Financial Services Group, China’s most valuable financial-technology company, runs the country’s largest online payments platform by transaction volume, Alipay. Its global push includes investments in India and a deal with Uber Technologies Inc. to allow riders to pay fares with Alipay world-wide.

Ant Financial is flush with cash after a clutch of mostly Chinese state-backed firms invested $4.5 billion in its latest fundraising round—valuing the privately held company at roughly $60 billion—and has stepped up hiring deal makers ahead of its planned initial public offering.

Mr. Feagin could help Ant Financial build ties with the U.S. banking establishment and guide its investments in financial startups. He previously ran investment banking for financial-institution clients for the Americas at Goldman, after working in the same role in Asia until 2010. In Asia, he worked on two of Goldman’s most lucrative Chinese-bank deals—its investment in Industrial and Commercial Bank of China IDCBY 0.19 % Ltd., the country’s largest...


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