Goldman Sachs Appoints Nell Hutton to Head Its Fixed-Income & Currency Sales

Goldman Sachs Group has tapped Nell Hutton to oversee its fixed-income and currency and commodity sales for the Australian and New Zealand region, part of a growing initiative to target growth in the antipodes, according to an internal memo at Goldman.

Goldman Sachs is a major player in a variety of asset classes, including fixed-income, bonds and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, where it is in the top 10 in terms of Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term traded volume on an institutional level. The banking giant appears to be making a targeted thrust towards more business in the antipodean region, on the heels of earlier comments this year that Australian fixed-income trading was the biggest growth area in the country.

Hutton to Head an Ascending Market

Mrs. Hutton has been a Goldman mainstay for over 15 years, serving previously as Managing Director since 2007 - she has garnered substantial experience across fixed-income, equities and other financial products. Furthermore, Mrs. Hutton will be reporting to Simon Rothery, CEO of Goldman Sachs, Australian operations, and also James Houghton, head of fixed-income, currency and commodities distribution for Asia-Pacific ex-Japan.

According to Mr. Rothery in an interview on the financial state of Australia earlier this year, "Australia's stable AAA credit rating made the nation a haven and has encouraged inflows from sovereign-wealth funds. Goldman Sachs also saw opportunities to arrange debt offerings and capture more of the market for Kangaroo bonds, or Australian dollar-denominated securities sold by overseas borrowers."