Long standing Goldman Sachs executive Jim Esposito is set to leave after almost three decades at the institution, according to a memo penned by Goldman chief executive officer David Solomon on Monday.
Esposito joined Goldman Sachs in 1995 as a salesperson for emerging markets debt. He was named managing director in 2002 and partner in 2006.
Jim Esposito
“No matter the role, Jim has dedicated himself to our business with a keen focus on serving our clients, promoting effective risk management and enhancing the culture of the firm. Jim represents the very best attributes of Goldman Sachs – partnership, client service, excellence and integrity,” said Monday’s memo.
“[..]We have benefitted greatly from his depth of expertise across products, services and markets, as well as from his dedication to identifying effective solutions to address our clients’ evolving needs.”
During his tenure at Goldman, Esposito served in a variety of roles including operating officer of the investment banking division, head of the EMEA financing group, and co-head of the global financing group.
He later took on his more recent roles as global co-head of the global markets division and global co-head of the investment banking division, and finally, his most recent role as co-head of global banking and markets.
Upon his departure, he will take on the role of senior director.
“Mine has been an unconventional GS career journey – changing roles, divisions, and geographies multiple times and then back again. I thrived given the variety of experiences on offer, but ultimately you reach a point where opportunities for change become more limited,” said Esposito in a post on social media.
“As the pace of innovation accelerates at a mind blowing speed, there’s a strong pull to explore new adventures […] From Buffett to Beckham, I take with me countless memories engaging with iconic clients. It’s been the privilege of a lifetime working alongside exceptional colleagues who have inspired and supported me.”