Dec. 30 (Bloomberg) -- Sean Meeker, the head of loan and loan credit-default swap trading at Goldman Sachs Group Inc., has left the firm.
Tiffany Galvin, a spokeswoman for the New York-based bank, confirmed the departure in an e-mail. Meeker, who couldn’t be reached for comment, joined Goldman Sachs in 2003 and was named a managing director in 2010.
Jeff Bahl, the head of U.S. high-yield corporate bond trading, also left Goldman Sachs earlier this month, the bank confirmed at the time.
Leveraged loans and high-yield, high-risk bonds are rated below Baa3 by Moody’s Investors Service and lower than BBB- at Standard & Poor’s. Credit swaps pay the buyer face value if a borrower fails to meet its obligations, less the value of the defaulted debt.
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