Goldman Sachs just named Jim Esposito, who had been cohead of the bank’s global financing group, as chief strategy officer in the securities division on Wednesday.

The memo announcing the move, which was obtained by Business Insider and confirmed by a spokesman, highlights some of the challenges the bank faces in sales and trading.

The securities business is primarily made up of equity sales and trading, which has been doing great across Wall Street, and fixed income, which has had a terrible time of it lately.

Fixed income, currency, and commodities, or FICC, revenues at Goldman Sachs missed analyst read more >>>

Source : BusinessInsider.Com