Goldman Sachs has announced a big shake-up in its securities and investment banking divisions, most notably, Jim Esposito, who will now be Chief Strategy Officer of the securities business of the bank. The news comes as part of Goldman’s ongoing effort to transform itself into an “innovation company,” according to a press release sent out by the firm.
Goldman Sachs has announced a big shake-up in its securities and investment banking divisions, most notably, Jim Esposito, who will now be Chief Strategy Officer of the securities business of the bank. The securities division houses equity sales and trading, which is thought to have been struggling recently; due to this, the role is considered to be of critical importance.