Goldman gains new global sec lending head
30 March 2017 New York
Image: Shutterstock
Goldman Sachs has promoted Kevin Kelly to global head of securities lending, following the departure of William Conley.
Kelly, who joined Goldman Sachs in 2000, is currently co-head of the US securities lending desk. He was previously a member of the prime brokerage sales team where he had oversight for the credit and multi-strategy client base.
He was made a partner in 2014 and will continue to be based in New York.
Conley joined the bank in 2005 as part of its equity finance division and was made a partner only a year later.
In an internal memo on the restructure, Goldman Sachs also announced the creation of a global funding and inventory management team.
According to Goldman Sachs, Puneet Malhi and Cyril Goddeeris will become co-heads the new team, while working closely with Massimiliano Ciardi.
The memo continued: 鈥淭his unified group across equities will enhance the existing strong collaboration between global synthetics and prime services, leveraging expertise across the equities franchise to expand our global footprint."
"The team will focus on equities resource optimisation, product and new structure development, and strengthening our risk infrastructure.鈥�
Kelly, who joined Goldman Sachs in 2000, is currently co-head of the US securities lending desk. He was previously a member of the prime brokerage sales team where he had oversight for the credit and multi-strategy client base.
He was made a partner in 2014 and will continue to be based in New York.
Conley joined the bank in 2005 as part of its equity finance division and was made a partner only a year later.
In an internal memo on the restructure, Goldman Sachs also announced the creation of a global funding and inventory management team.
According to Goldman Sachs, Puneet Malhi and Cyril Goddeeris will become co-heads the new team, while working closely with Massimiliano Ciardi.
The memo continued: 鈥淭his unified group across equities will enhance the existing strong collaboration between global synthetics and prime services, leveraging expertise across the equities franchise to expand our global footprint."
"The team will focus on equities resource optimisation, product and new structure development, and strengthening our risk infrastructure.鈥�
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