Pablo Salame, partner and head of credit trading for Europe and Asia at Goldman Sachs in London, is believed to have landed the new position of co-head of global credit derivatives. The move is thought to underscore Salame's status as a rising star at Goldman and puts him on par with Ron Tanemura, partner and global head of credit derivatives. Salame referred calls to the press office. Rebecca Nelson, a spokeswoman at Goldman, said Tanemura is moving to New York in January but declined further comment. Tanemura did not return calls.
Market officials said Salame's promotion was likely sparked by his success in credit derivatives, rather than reflecting badly on Tanemura. But the timing of the move surprised several market participants who noted that Salame, previously head of emerging market credit derivatives in New York, only moved across the pond in March to take up his current position. "Pablo's stock is rising," commented one headhunter.
Tanemura, formerly head of global credit derivatives at Deutsche Bank in London, was hired in 2000 to replace Scott Pinkus, who retired.
