Feb 19 (Reuters) - Goldman Sachs ( GS ) has appointed
insiders William Connolly and Michael Voris as co-heads of
equity capital markets (ECM) in the Americas, according to a
memo seen by Reuters on Wednesday.
The move comes at a time when Wall Street firms are vying to
get more business in their ECM units by winning more mandates on
high-profile initial public offerings as stock market floatation
continues to ride last year's recovery wave.
Goldman is a heavyweight in equity capital markets, the part
of investment banking that starts selling shares in previously
private companies to the public, a traditional way to unlock new
funding for growing businesses.
Connolly, who joined the Wall Street firm in 2005, is head
of Technology ECM and advises clients on equity-related matters
across technology, media and telecommunications, the memo
added.
Voris is global head of convertible bond financing and
manages alternative capital solutions and equity derivatives in
the Americas.
Goldman also named Elizabeth Reed chief operating
officer for ECM globally, a newly created role, in addition to
her duties as global head of the equity syndicate desk, the memo
said.