Goldman gears up for a downturn

The US bank has boosted its European restructuring team, ahead of a widely-anticipated deterioration in economic conditions, with the hire of rescue financing expert Lachlan Edwards.

Goldman Sachs International has hired Lachlan Edwards as a managing director to head its European restructuring business in London.

Lachlan’s primary focus will be on rescue financing and restructuring advisory and he will report to Tim Flynn and Doug Henderson, co-Heads of European leveraged finance.

An Australian national, Lachlan joins from Rothschild where he was head of restructuring in the UK and co-head for Europe.

He helped to establish the restructuring group within the debt advisory business and worked on transactions such as Primacom, Vivendi Universal, Royal Ahold, Jarvis and Karstadt Quelle.