Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Goldman Sachs names Jim Esposito co-head of trading division

FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange in New York, U.S. on July 16, 2013. REUTERS/Brendan McDermid

(Reuters) - Goldman Sachs <GS.N> on Monday named Jim Esposito global co-head of the Wall Street bank's trading division, according to an internal memo seen by Reuters.

Esposito, who will continue to be based in London, will join Ashok Varadhan to lead the fixed income, currency and commodities (FICC) and equities businesses, the bank said.

Prior to the new role, Esposito was co-chief operating officer of Goldman Sachs' FICC franchise.

Goldman Sachs' bond trading business has seen a 45 percent rise in the recently reported quarter, while its equity trading division lagged rivals JPMorgan Chase & Co <JPM.N>, Citigroup Inc <C.N> and Bank of America Corp <BAC.N>, all of which reported gains.

Last month, Goldman had appointed three women to its management committee as part of its strategy to revamp its businesses and diversify senior ranks to regain the bank's former pre-crisis glory.

(Reporting by Nikhil Subba in Bengaluru; Editing by Shailesh Kuber)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.