The Chinese e-Commerce firm's finance arm has brought in a former Goldmans banker.

Alibaba, the Asian e-Commerce giant whose $25 billion IPO was the largest in history, has appointed former Goldman Sachs banker Douglas Feagin to lead its Ant Financial Services Group, heading its international business.

His appointment takes effect from 15 June, according to Reuters. WealthBriefingAsia is contact with Alibaba for confirmation and further details.

Ant Financial, valued at around $60 billion, is also preparing for an IPO, the report noted. It recently completed a $4.5 billion financing round ahead of such an IPO.

Feagin will be based in the US. He is the second former senior Goldman executive to join an Alibaba affiliate company in recent times. In August, Michael Evans, former vice chairman and head of Asia at Goldman, became the president of Alibaba Group, the report said. 

The Ant Financial business covers a number of areas, including wealth management and insurance.