Goldman Sachs Group Inc. has appointed Nell Hutton to head its fixed-income, currency and commodities sales for Australia and New Zealand, an internal memo showed.
Hutton will report both to Simon Rothery, chief executive officer of Goldman Sachs’ Australian operations, and to James Houghton, head of fixed-income, currency and commodities distribution for Asia Pacific ex-Japan, according to the memo seen by Bloomberg News. Hutton, who previously oversaw corporate advisory solutions in the region, joined Goldman in 1999 in London, relocated to Australia in 2006, and was named a managing director in 2007, the memo showed.
Rothery said in a Feb. 27 interview that Australian fixed-income trading was his biggest growth area in the country.
Australia’s stable AAA credit rating made the nation a haven and has encouraged inflows from sovereign-wealth funds, he said. Goldman Sachs also saw opportunities to arrange debt offerings and capture more of the market for Kangaroo bonds, or Australian dollar-denominated securities sold by overseas borrowers, Rothery said at the time.