Goldman Sachs Group Inc. (NYSE: GS) has named Jim Esposito has the company’s new chief operating officer of the company’s global investment banking operations, replacing Howard Schiller, who is retiring, effectively immediately.
Mr. Esposito previously was the head of Goldman Sachs Group Inc. (NYSE: GS)’s investment-grade and public-sector financing and infrastructure financing businesses.
Under his new role, he will report to David Solomon and John Weinberg, co-heads of the investment bank, and will “work closely with the heads of the division to develop and execute strategic initiatives to further our client franchise,” according to a memo obtained by the Wall Street Journal.
Esposito joined Goldman Sachs Group Inc. (NYSE: GS) in 1995 in the company’s emerging-market credit sales and was named a managing director in 2002 and a partner in 2006.
The Goldman Sachs Group, Inc. (Goldman Sachs) is a bank holding and a global investment banking, securities and investment management company. The Company provides a range of financial services to customers, including corporations, financial institutions, governments and high-net-worth individuals. Its depository institution subsidiary, Goldman Sachs Bank USA (GS Bank USA), is a New York State-chartered bank. It operates in three segments: Investment Banking, Trading and Principal Investments and Asset Management and Securities Services. In March 2010, the Company’s subsidiaries sold the La Francia mine and related infrastructure assets, including Concession 5160, and Adromi Capital Corp., the holder of the La Francia II concession, to a subsidiary of The Goldman Sachs Group, Inc. In May 2010, Nexen Inc. sold its natural gas trading operations to a unit of The Goldman Sachs Group, Inc.
Shares of Goldman Sachs Group Inc. (NYSE: GS) traded down 0.03% on Thursday hitting $149.34 during mid-day trading.
