Partner and Co-Head of Global Securities, Goldman Sachs
There’s always something going on in financial markets, and that’s what makes it such a fascinating job.
In August, Jim Esposito T’95 was named co-head of the Global Securities Division at Goldman Sachs. The move put him in charge of a “sprawling, complex global division,” says to Esposito, who moved to London eight years ago. Though he still speaks with the directness and flat vowels of his native New Jersey, even that description of Goldman’s largest division betrays a hint of British understatement.
It’s a very big job, encompassing Goldman’s equity and fixed-income sales and trading businesses. From his seat in London, Esposito orchestrates a global operation managing risk for asset managers, pension funds, insurance companies, hedge funds, corporations, and governments. The division includes more than 4,000 people and demands constant vigilance of equity, credit, commodities and foreign exchange markets around the world.
“It is about as a global a role as you can have,” he says. “There’s always something going on in financial markets, and that’s what makes it such a fascinating job.”
Esposito actually came to Tuck to explore career options outside of banking, following three very intense years on Wall Street. “The irony is that after Tuck I did go right back into finance at Goldman Sachs, but the skills I learned there—and particularly the skills that I was seeking outside of finance—have been incredibly valuable to me,” says Esposito.
“Tuck taught me that that when you can unlock the collective talent of a group of people you’ll get a better result than any one individual. We can learn teamwork in a lot of different ways, but for me it was problem solving in that group setting, and collaborating with individuals who had a different, unique perspective from my own,” he says. “I think it’s rare that you can learn that at a school.”
Growing up, Esposito and his two brothers drove each other academically and in sports. Esposito, the youngest, excelled at wrestling. He was a high school state champion and competed on the varsity at Brown, where he studied Political Science and Economics. Wresting is a famously grueling sport, and Esposito credits it for teaching him resilience.
“At a place like Goldman Sachs it’s incredibly helpful to have done something in my past that was actually harder than what I do today,” he says. “Wrestling is a very demanding sport and while you go out as an individual, you also compete as part of a team.”
That’s a valuable perspective for an executive called on to make dozens of important decisions every day. While the buck stops with him, Esposito draws heavily on the collective strength of his colleagues. “I benefit from soliciting different opinions and acknowledging my own set of assumptions before trying to render a decision,” he says, “and that decision-making style is certainly informed by my learning at Tuck.”
As demanding as his responsibilities at Goldman are, Esposito makes work-life balance a priority. “I’ve said before that if a job is the most important thing in your life you’ll probably fail at it,” says Esposito, whose three sons are accomplished surfers. The family spends most holidays in funky beach towns from Portugal to Sri Lanka, chasing waves for the boys.
Esposito also makes time for volunteer work as a member of Tuck’s Board of Advisors and the board of the Global Fund for Children, which seeds grassroots local organizations serving the world’s most vulnerable children. “They go into places and undertake missions that some of the bigger charities won’t or can’t touch,” explains Esposito, who has served on the board for eight years. “The work appealed to me in part because I have three boys, but equally because the model is something that I understood and wanted to support. It’s a bit like a venture capital fund. We identify the best local organizations, seed them, help them scale and then we exit.”
On Tuck’s advisory board, Esposito is a strong proponent of the school’s global outlook, and uses his deep connections to build bridges in the City of London and throughout Europe. “I’ve been in London for eight years now and I try where I can to broaden the international lens through which Tuck views the world,” he says.
“We’re at a really fascinating intersection right now in terms of how politics and political outcomes impact financial markets, and I have a fascinating seat at that table.”
Bringing Order to the Chaos
Solving complex problems is what's kept Diego Ferro T'93 in finance for 25 years. Here's what he's learned.Read More
T’98 Rick Cardenas’ first job was bussing tables at a Red Lobster. Fast forward 25 years and he’s now CFO of Darden Restaurants which, until 2014, owned Red Lobster.Read More
Fun Finance: Lindsey Drake T’11 talks about her role as a senior finance manager at Amazon Books.Read More
James “Jim” Lindstrom
Jim Lindstrom T’01 has a career of both investment and senior operational roles—a unique perspective to lead a multinational corporation in today’s dynamic environment.Read More
As managing director of the Boston Forum of Golden Seeds, a national network of angel investors funding early-stage companies led by women, Deb Kemper T'95 lives by the motto: be the change you want to see in the world.Read More
Kathryn Baker T'93 is a true expert on boards of directors. She has served on more than 20 of them over the last 16 years, ranging from oil and gas companies to Norway’s Central Bank to Tuck’s own European Advisory Board.Read More
The Chinese economy has grown tremendously since 1989, and so have the opportunities for enterprising Tuck graduates, like Jie Lian T'01.Read More
Not many people in ball bearing sales finish their careers in venture capital. For Mike Carusi T’93, now one of the most successful health care investors in Silicon Valley, that unlikely journey started with two eye-opening years at Tuck.Read More
Williams College chief investment officer Collette Chilton T’86 is helping deliver big returns for the Little Ivy.Read More
Investor. Philanthropist. Entrepreneur. Roger McNamee T’82 is all of these and more in a career that has taken him to the top of the tech world.Read More
Alain Karaoglan T’87 never could have predicted he would one day be chief operating officer of Voya Financial, a top-tier retirement plan provider with more than $500 billion in assets under management and administration.Read More
Navigating the present while honoring the past is a challenge for many Native people. Debbie Atuk T’04 has found a way to do both.Read More
After working in security sales for Goldman Sachs, Christopher Fox T'81 was drawn back to the public sector because he wanted to serve his community and for the intellectual challenge.Read More
At Tuck, Vicki Craver T'97 discovered a latent interest in financial strategy. Now, after a successful career at Goldman Sachs and raising a family, she applies her financial accumen to vetting nonprofit projects.Read More
Following five years in the mergers and acquisitions industry, Scott Frantz T'86 joined a few close friends in putting together a private equity and venture capital business.Read More
Sword, Rowe & Company CEO Daniel Rowe T’09 is blending his love of music into a successful career with the boutique merchant bank.Read More
In much of the Middle East and North Africa, cash is still king. PayPal’s Francis Barel T’05 wants to change that, and open people’s lives to the world along the way.Read More
One of Blair LaCorte T’90’s great skills as a leader is not only to guide a company from infancy to success, but to know when to set it—and himself—free.Read More
Christopher Williams T'84 harnessed his architectural and business skills to grow the Williams Capital Group into one of the most successful mid-sized investment banks in the world.Read More