Goldman Sachs named Ian Gilday to the newly created position of head of origination for collateralized loan obligations in Europe, the Middle East and Africa, according to an internal memo obtained by Asset Securitization Report.
A spokeswoman for Goldman confirmed the contents of the memo.
Formerly, Gilday was head of EMEA syndicate and leveraged capital markets. According to the memo, he has been relocated to the securities division, working in fixed income currency and commodities credit.
Goldman has created the new role as CLO issuance is expected to surge to $70 billion or $80 billion this year from around $50 billion in 2012.
The memo also announced that effective immediately, Littleton Glover will head EMEA leveraged finance origination and Mike Marsh will continue to lead EMEA leveraged finance capital markets. Glover previously led the team responsible for all leveraged finance transactions in the technology, media and telecommunications, financial institutions group, and real estate industry sectors throughout EMEA.
Gilday joined Goldman Sachs in 2005. Prior to that he was head of the European leveraged capital markets team at Merrill Lynch.
