Goldman Sachs appoints Paesotto and Rava as co-heads of Investment Banking in Italy

MILAN (Reuters) - Goldman Sachs has appointed Marco Paesotto and Edoardo Rava as co-heads of Investment Banking in Italy, the bank said on Friday.

Paesotto and Rava will focus on deepening client relationships and driving strategic initiatives, Goldman Sachs said in a statement.

They will work closely with Francesco Pascuzzi who will continue to act as Country Head for Italy in addition to his roles as head of the Natural Resources Group in EMEA and global co-head of Power, Utilities and Infrastructure, the lender added.

Paesotto - who joined the bank in 2007 and was named managing director in 2015 - will continue his coverage responsibilities for corporate and sponsor clients across multiple industries in Italy.

Rava will retain his additional responsibilities as co-head of EMEA Corporate Investment Grade Origination. He joined Goldman Sachs in 2015 and was named managing director in 2017.

(Reporting by Sara Rossi, editing by Alvise Armellini)