Goldman Hires Barclays’ Subramanian-Nair for Leveraged Finance

Goldman Sachs Group Inc. hired Kartik Subramanian-Nair from Barclays Plc as banks prepare for a revival in leveraged-finance markets.

Subramanian-Nair will join Goldman Sachs’ capital markets unit in London early next year as managing director, according to people with knowledge of the move. He will report to Rahul Mistry, who runs leveraged finance capital markets, the people said, declining to be identified because the matter is private. Spokespeople for the banks declined to comment.

Leveraged loan sales have hit a record in the US as companies look to refinance expensive debt, and S&P Global Ratings increased its estimate for ...