GSC Group is the new name for GSC Partners, according to Carl J. Crosetto, managing director. The company merged its European and U.S. businesses and restructured its operation into three groups - corporate credit, distressed debt and real estate - from four separate real estate and debt strategies. Heading the three groups are Richard Hayden, vice chairman and head of corporate credit, who is former chairman of GSC Europe; Robert Hamwee, senior managing director in charge of distressed debt and new hedge fund strategies, who formerly ran the controlled debt business; and Joseph Wender, senior managing director and head of GSC's real estate group who will remain chairman of the finance committee. All three report to Alfred C. Eckert III, GSC Group chairman and CEO. GSC also created a six-member management committee to oversee the firm's operations.