He will join Goldman Sachs as a partner, a sign of his seniority. Goldman Sachs rarely makes hires at partner level. Savarese will work with Tom Tormey, according to the people. Tormey was named partner late last year. The desk — which trades the debt of companies in financial distress — is a part of the bank's credit-trading business. The team has also seen a number of departures. Jerry Keefe, who had coheaded the desk, left in March to join a hedge fund, while fellow cohead Dennis Lafferty was recently reported to be in talks to join HSBC. Goldman Sachs...