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.