Jim Esposito

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James P. "Jim" Esposito is an American banker who served as co-head of the global banking and markets division at Goldman Sachs from 2022 until 2024. In January 2024, Esposito stepped down from a 30-year career at Goldman Sachs with no plans for the future. In May 2024, he was named the first president in the history of Citadel Securities, a leading market maker.
== Early Life and Education ==
Esposito grew up in New Jersey in a family with deep ties to Wall Street. His father was the chief financial officer of Chase Manhattan Bank (now part of JPMorgan Chase), and his two brothers also had careers in finance, one as a longtime Goldman Sachs partner and the other as a banker at Morgan Stanley.
Esposito excelled at wrestling and was a high school state champion.
Esposito attended Brown University, where he was a member of the varsity wrestling team and earned a Bachelor of Arts degree in economics and political science in 1990. He later obtained an MBA from the Tuck School of Business at Dartmouth College in 1995.
== Career at Goldman Sachs ==
Esposito joined Goldman Sachs in 1995 as a salesperson for emerging markets debt. He quickly rose through the ranks, becoming a managing director in 2002 and a partner in 2006. Over the years, he held various leadership positions within the investment banking division, including chief operating officer and co-head of the global financing group.
In 2022, Goldman Sachs merged its banking and trading divisions into a single global banking and markets unit, with Esposito named as one of three co-heads alongside Dan Dees and Ashok Varadhan. It was described as a "very big job, encompassing Goldman's equity and fixed-income sales and trading businesses."
Esposito spent much of his early days at Goldman focused on debt sales - for a time selling Goldman's own bonds - only joining the securities division in 2016 as chief strategy office and co-head of global FICC sales. He moved to London in 2011 when he was named Goldman's financing head for EMEA. 
In addition to his role leading the Global Banking and Markets Division, Esposito served on Goldman Sachs' management committee, co-chaired the partnership committee, and was a member of the diversity and inclusion committee. He was based in London from 2010 until his departure in 2024.
== Move to Citadel Securities ==
In May 2024, Citadel Securities announced that Esposito would join the firm as its first-ever president, a newly created role. He will be tasked with driving growth initiatives in Citadel Securities' client franchise worldwide and will report directly to CEO Peng Zhao. The move will also involve relocating from London to Miami, where Citadel Securities moved its headquarters in 2022.
Esposito's appointment at Citadel Securities came after nearly three decades at Goldman Sachs, where he had developed "a feeling of merely going through the motions" and decided to pursue new challenges. His departure was seen as a significant loss for Goldman Sachs, as he had been viewed as a potential candidate for the roles of president or CEO.
== Personal Life and Other Interests ==
Esposito is a Brown University parent and has served on the school's President's Leadership Council and President's Advisory Council on Economics. He is also a member of the Board of Overseers at the Tuck School of Business and serves on the board of Beat the Streets New England, a non-profit organization.
Known for his work-life balance, Esposito has three sons who are accomplished surfers, and the family often spends holidays in beach towns around the world, chasing waves. He has also been involved in volunteer work with the Global Fund for Children.
== References ==	
Category:Goldman Sachs - Former Employees
Category:Goldman Sachs - Former Partners