Goldman Sachs just announced a big shake-up
Jim Esposito, cohead of the global financing group, will join the securities division as chief strategy officer, the firm announced in an internal memo obtained by Business Insider.
Marc Nachmann, who had been cohead of the financing group, will become sole head. The financing group houses the bank's equity and debt capital markets activities.
"Jim has a deep understanding of our corporate clients and a successful track record in identifying effective capital market solutions to address client needs," reads the memo, which was signed by securities division coheads Isabelle Ealet, Pablo Salame, and Ashok Varadhan.
Esposito has been based in London, and ran the financing group in Europe, the Middle East, and Africa before his promotion to the global cohead role in 2014.
Denis Coleman, who had been head of credit finance in Europe, the Middle East, and Africa, will now become head of the financing group in the region. Michael Marsh will become head of leveraged finance in the region, according to separate memos seen by Business Insider and confirmed by a spokesman.
Separately, the firm announced in internal memos that Craig Packer, cohead of Leveraged Finance in the Americas, was retiring from the firm and that Christina Minnis and Vivek Bantwal will become coheads of the newly created Americas Credit Finance Group.
To get the must-read guide to the key issues at every major Wall Street bank, click here.