Robert Heathcote, managing director and European head of credit derivatives at Goldman Sachs, is returning to structuring cash and synthetic collateralized-debt obligations. Heathcote has returned to structuring transactions because the firm wanted a senior banker in that position, according to Rebecca Nelson, spokeswoman. Heathcote will be working with Alastair Borthwick, managing director. Borthwick said his role has not changed and he has been working on structured transactions for the past year. Heathcote declined comment.
An individual familiar with the group added that Heathcote's role as European head had become largely administrative and oriented toward increasing the profile of the group, rather than running day-to-day operations, and he had been looking to return to something more revenue-producing.
