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May 14 (Reuters) – Goldman Sachs Group Inc has named

Valentino Carlotti as head of its client-focused trading

business, according to an internal memo.

Carlotti, 46, is now head of the Securities Division

Institutional Client Group and will report to Enrico Gaglioti,

global head of equities sales, and Tom Cornacchia, head of fixed

income, currency and commodities sales in the Americas.

The group that Carlotti will oversee is a trading business

that is focused on selling clients products across different

asset classes.

Carlotti is a partner managing director who has been with

Goldman for 18 years, having joined as an investment banker

covering telecommunications and media in 1994. He later worked

in the equities division selling products to hedge funds and

mutual funds.

A spokesman confirmed the contents of the memo, which was

signed by Isabelle Ealet, Pablo Salame and Harvey Schwartz, who

are global co-heads of Goldman’s trading business.