George H. Walker will not be immediately replaced as managing director and head of alternative investment strategies at Goldman Sachs. Peter Rose, a Goldman Sachs spokesman, said the company has not made a decision about Mr. Walker's position. Mr. Walker resigned Wednesday to join Lehman Brothers as managing director, global head of the investment management division and a member of the executive committee. Mr. Rose noted that because all of the rest of Goldman Sachs' investment professionals will remain in place, there will be no disruption to management of the investment management businesses. Sources in the executive recruitment industry, who requested anonymity, said Goldman Sachs will probably not replace Mr. Walker because the alternatives businesses are well-staffed with competent business heads.
Karen Parker Feld joined Harvard Management Co., the money management arm of Harvard University's $20 billion endowment fund, as head of foreign exchange portfolio management, according to a news release. It is a new position. Ms. Feld was director of foreign exchange assets at Wellington Management. Lisa Finkel, a Wellington spokeswoman, declined to comment on a possible replacement.