Goldman Sachs head of global leveraged finance is retiring, according to an internal firm memo.
Stephen Hickey will be retiring at the end of the year, according to the memo obtained by ASR sister publication Leveraged Finance News. A Goldman Sachs spokesman confirmed the memo was accurate but declined to comment further.
Hickey joined Goldman in 1987. He left in 1996 to serve with Donaldson Lufkin & Jenrette but returned in 2000.
The memo did not mention who would be appointed to take Hickey’s place as head of global leveraged finance, but did mention that the Americas middle market lending effort will be managed by Craig Packer.
In separate news about leveraged finance leaders in other banks, Lloyds named a new leveraged finance leader, the London-based bank said today. Lloyds named Ian Brown as head of Lloyds Bank corporate markets acquisition finance.
He was most recently head of European origination with the bank. He joined the corporate market acquisition finance group as a managing director in 2006 after serving with UBS for 13 years. Brown led the effort to found Lloyd’s continental European offices.
Brown will be in charge of further expanding its leveraged finance business in the U.K. and Europe, and coordinating teams in providing senior debt facilities and high yield bonds for private equity transactions.
The firm did not comment on what the role of outgoing leveraged finance head Jon Herbert would be, but a spokesman said he would remain with Lloyds in a new role.
Lloyds recently shut down its Australian leveraged finance efforts, and has laid off 42,000 people since 2008. For full story, please click here.