Goldman Shaves Down DCM

Carlos Phillips, a New York-based executive in Goldman’s LatAm DCM group, is heard to have left the firm. The move comes amid part of a global reduction of 10% of the investment bank’s workforce, officially begun Thursday. Phillips is understood to have reported to Richard McNeil, managing director in DCM for LatAm with a long track record in liability management. A Goldman spokesman did not answer requests for comment. Wall Street generally is scaling down LatAm DCM desks in line with a dramatic reduction in volumes.