Eileen Rominger, global chief investment officer at Goldman Sachs Asset Management, will retire from the company at the end of the year, confirmed GSAM spokeswoman Andrea Raphael.
She won't be replaced.
There are several CIOs working under Ms. Rominger who will continue serving in their respective capacities, Ms. Raphael said. Ms. Rominger has given no indication of what she plans to do after she retires, she said.
Ms. Rominger didn't immediately respond to calls seeking comment.
Also at Goldman, Jim O'Neill, who runs Goldman Sachs Group's economics, commodities and strategy research, was named chairman of asset management.
It's a new position at the firm. Mr. O'Neill will remain in London and report to Ed Forst and Tim O'Neill, global co-heads of Goldman Sachs' investment management division, the firm said Friday in an e-mailed statement.
Mr. O'Neill's appointment to Goldman Sachs Asset Management is subject to U.K. regulatory approval, the firm said.
“For the firm's future and success, GSAM's growth and development is pretty important,” Mr. O'Neill said in a telephone interview. “The goal is that I will link thematic ideas, help grow certain funds and bring along new ones.”
Mr. O'Neill, who joined Goldman Sachs as a partner in 1995, created the acronym BRICs in writing about the rising economic power of Brazil, Russia, India and China.
Bloomberg contributed to this story.