Goldman Names Murphy Co-Head of Leveraged Finance Americas

Goldman Sachs Group Inc. named A.J. Murphy co-head of leveraged finance in the Americas.

Murphy will run the group along with Craig Packer, according to an internal memo obtained by Bloomberg News. Michael DuVally, a spokesman for Goldman in New York, confirmed the contents of the memo and declined further comment.

Speculative-grade companies sold a record $355.4 billion of bonds last year and sold $522.3 billion of leveraged loans to institutional investors, according to data compiled by Bloomberg. Goldman was the sixth-largest arranger of junk bonds and the seventh-biggest underwriter of institutional loans, Bloomberg data show.

“The leveraged finance business has grown considerably in recent years and Goldman Sachs continues to be a leading participant,” Jim Esposito and Marc Nachmann, co-heads of the global financing group, wrote in the memo.

Murphy joined Goldman as a partner in 2014, its highest rank. She’s one of only five bankers the firm has hired to that position in the past two years. She previously worked at Bank of America Corp., where she served as co-head of global leveraged finance, according to the memo.

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