Debt market round up: Goldman rejigs investment-grade business

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Goldman Sachs has appointed Jim Esposito as global head of investment-grade financing, a new role that incorporates both the syndicate and origination businesses. Esposito was previously the head of US debt syndicate.

At the same time, Goldman has made the former head of its European investment-grade business, James Garvey, chairman of investment-grade financing. Garvey will focus on a purely client-facing role looking at the SSA and FIG area. He will no longer have responsibility for the day-to-day syndicate and origination businesses.