Leveraging its invaluable experience on the first two privatizations of toll roads in the country, Goldman, Sachs & Co. expanded its municipal finance group and changed the group’s management structure in a bid to better respond to client needs, the firm announced yesterday.

Goldman, which served as a financial adviser on the trailblazing $1.83 billion Chicago Skyway privatization and the $3.85 billion lease of the Indiana Toll Road, named Tracy Wolstencroft as head of the municipal finance and infrastructure group. The firm also named Frank Ingrassia, who previously headed municipal finance, as the group’s chairman. Mark Florian, who worked on both toll road deals, became the group’s chief operating officer.

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