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Nov. 29 (Bloomberg) -- Stephen Hickey, head of global leveraged finance at Goldman Sachs Group Inc., plans to retire at the end of the year, after about two decades at the firm.
Hickey, 50, was named a partner at the fifth-biggest U.S. bank by assets in 2004, according to a memo obtained by Bloomberg News. Michael DuVally, a Goldman spokesman, confirmed the contents of the memo and declined further comment.
Hickey has been leading Goldman’s America’s middle-market lending effort, according to the memo from Richard Gnodde, David Solomon and John Weinberg, co-heads of investment banking at the New York-based firm. That role will now be handled by Craig Packer, according to the memo. Hickey didn’t immediately return an e-mail seeking comment.
While at Goldman, Hickey served as global head of loan trading and head of bank loan syndicate, sales and trading, according to a 2006 news release. He also was a member of the board of directors of the New York-based Loan Syndications and Trading Association between 2003 and 2007.
Hickey first joined Goldman in 1987 working in investment banking and the fixed income divisions in New York and London until 1996, according to the memo.
In that year, Hickey helped start the lending business at Donaldson Lufkin & Jenrette where he served as head of loan syndications, sales and trading before returning to Goldman as a managing director in 2000.
Hickey has worked on a joint venture with the Yale Pre-MBA Leadership Program, promoting diversity at the Yale School of Management, through Goldman Sachs Gives, a donor-advised fund, according to the memo. He will continue in his role as chairman of that program on behalf of the organization, the Goldman memo said.
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