Stephen Sachs was named managing director and head of capital markets for the exchange-traded-fund business at Goldman Sachs Asset Management, said GSAM spokeswoman Andrea Raphael.
The position is new. Mr. Sachs will manage GSAM’s relationships with traders of the firm’s ETFs once they’re launched. He will report to Michael Crinieri, managing director and global head of ETF strategy in GSAM’s third-party distribution business.
Mr. Sachs was head of capital markets at ProShares. Spokesman Tucker Hewes could not be reached by press time for replacement information.