Goldman Sachs & Co. has named Edward Forst managing director and head of global loan syndications.

Mr. Forst, 38, had been chief operating officer for leveraged finance at Goldman, a job that included overseeing leveraged bank and bond debt. He joined Goldman in 1995 after working in loan syndications at Bankers Trust Corp.

Mr. Forst, who started his new job in mid-November, replaced James M. Karp, who has been named vice president and head of Goldman's European loan syndication office in London.

"We see tremendous long-term opportunity in Europe," Mr. Forst said. "There's a lot of growth happening internally, and we'll be adding staff there as we see opportunity."

Through Monday, Goldman syndicated 21 loan packages this year worth $7.25 billion, ranking it 17th with a 0.9% market share, according to Securities Data Co.

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