Goldman Plans London Converts Prop Desk
Goldman Sachs plans to hire two convertible bond arbitrage traders to expand its proprietary trading desk to London. At the moment the firm only has proprietary traders in New York, according to an official familiar with the move. He added Goldman expects to have the convertible bond prop desk up and running by year-end.
The traders will report to Jonathan Knight, global head of convertible bond proprietary trading in New York. Knight did not return calls. Ed Canaday, spokesman in New York, declined comment.