Goldman Sachs Appoints Connolly and Voris as Co-Heads of Americas ECM
Goldman Sachs has named William Connolly and Michael Voris as co-heads of Equity Capital Markets (ECM) in the Americas, according to a memo obtained by Reuters. This appointment reflects the intense competition among Wall Street firms for a greater share ofECM business, driven by the surge in initial public offerings (IPOs) riding the recovery wave from last year.
Connolly, who joined Goldman Sachs in 2005, serves as the head of Technology ECM. He advises clients on equity-related matters in the technology, media, and telecommunications sectors. Voris, on the other hand, is the global head of Convertible Bond Financing and oversees alternative capital solutions and equity derivatives in the Americas.
Goldman Sachs holds a prominent position in ECM, which involves underwriting and selling shares of private companies to the public. This process serves as a traditional avenue for growing businesses to secure funding.