(Reuters) -Goldman Sachs has made several organizational changes and appointments in its unit that focuses on financing large deals and providing loans to corporate clients, according to an internal memo seen by Reuters on Friday.
The Wall Street giant created the Capital Solutions Group earlier this year, with the unit housed under its global banking and markets unit.
As part of the changes, Goldman is forming a global infrastructure and real asset finance group as it looks to grab a bigger market share in areas such as high-grade private credit.
The move comes as Goldman looks to capitalize on growing demand for asset-backed financing as clients increasingly seek out credit alternatives beyond traditional loans.
The company is also creating a unified global residential, consumer, and other financial assets group, while equity and debt private capital markets capabilities will be bundled under the global private and alternatives capital markets group.
Goldman’s commercial real estate finance group will continue to operate separately, the memo showed.
Here is an overview of leaders helming the business lines within the Capital Solutions Group division:
Unit Executive
Infrastructure and John Greenwood
Real Asset Finance
Group
Commercial Real Miriam Wheeler
Estate Finance
Group
Residential, Steven Moffitt and Rajiv
Consumer, and Other Kamilla
Financial Assets
Group
Private and Michael Voris
Alternatives
Capital Markets
Group
(Reporting by Saeed Azhar in New York and Arasu Kannagi Basil in Bengaluru; Editing by Leroy Leo)
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