Refiles to add dropped words "memo says" in headline
Feb 19 (Reuters) - Goldman Sachs GS.N has appointed insiders William Connolly and Michael Voris as co-heads of Equity Capital Markets (ECM) in the Americas, according to a memo seen by Reuters on Wednesday.
The move comes at a time when Wall Street firms are vying to get more business in their ECM units by winning more mandates on high-profile initial public offerings as stock market floatation continues to ride last year's recovery wave.
Goldman is a heavyweight in equity capital markets, the part of investment banking that starts selling shares in previously private companies to the public, a traditional way to unlock new funding for growing businesses.
Connolly, who joined the Wall Street firm in 2005, is head of Technology ECM and advises clients on equity-related matters across technology, media and telecommunications, the memo added.
Voris is global head of Convertible Bond Financing and manages alternative capital solutions and equity derivatives in the Americas.