Goldman Forms New Equities Team to Improve Hedge Fund Services
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Goldman Sachs Group Inc. has created a new team to encourage collaboration between its businesses that service hedge funds, and trade swaps and other derivatives.
Puneet Malhi and Cyril Goddeeris will be co-heads of the group, known internally as the global funding and inventory management team, Goldman Sachs said in a staff memo obtained Tuesday by Bloomberg. The departure of William Conley as global head of securities lending, and Kevin Kelly’s appointment as his replacement, helped prompt the change, according to a person with knowledge of the matter.