Goldman Sachs has appointed Todd Leland, a senior executive in its Asia business, as the president of its international unit. Leland was most recently co-president of Goldman Sachs in Asia Pacific ex-Japan (APEJ) and played a significant
role in helping the firm make inroads in China. In his new role, Leland will report to Goldman Sachs
International chief executive Richard Gnodde. He will be based in London, where he previously worked as an investment banker for almost a decade. Leland will
also join Goldman's European Management Committee. Kevin Sneader will take over as the sole president of
Goldman Sachs APEJ, Goldman chief executive David Solomon and president and COO John Waldron told the staffs in
the memo.
Goldman Sachs BDC, Inc. is a specialty finance company focused on lending to middle-market companies. The Company seeks to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments. It may also originate covenant-lite loans, which are loans with fewer financial maintenance covenants than other obligations, or no financial maintenance covenants. In addition to investments in United States middle-market companies, it may invest a portion of its capital in opportunistic investments, such as in large United States companies, foreign companies, stressed or distressed debt, structured products or private equity. It invests in various sectors, including automobiles, chemicals and financial services. Its investment advisor is Goldman Sachs Asset Management, L.P.