
Goldman Sachs hires co-head from JP Morgan in New York
Bill Shelton, formerly co-head of JPMorgan’s third-party structured products distribution efforts in New York, has joined Goldman Sachs to develop a similar business, according to the Structured Products Association.
Shelton has been given the mandate to expand Goldman’s structured products business in the US and joined the firm last week after a brief gardening leave. JP Morgan continues to be the top issuer of structured products in the US by number of issues per month.
In separate JPMorgan news, its US Private Bank took its first step into open architecture with the launch of its first third-party note. The private bank made a Morgan Stanley-issued structured note available to its clients – a pioneering
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