Edward C. Forst and John E. Urban, both in the bank loan group at Goldman Sachs & Co., were recently promoted to managing director, underscoring the importance Goldman has placed on its lending effort.

Mr. Forst, 35, heads loan origination at Goldman, and Mr. Urban, 33, leads the loan trading desk. Mr. Forst, who has been at Goldman for two years, is formerly of Bankers Trust New York Corp. Mr. Urban, a four- year Goldman veteran, is formerly of Continental Bank Corp.

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