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 stay in London and report to Ed Forst and Tim O'Neill, global co-heads of Goldman Sachs' investment management division, the firm said 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
Robert “Vince” Smith was named deputy state investment officer at the $13 billion New Mexico State Investment Council, Santa Fe, confirmed Charles Wollmann, spokesman. He joins Sept. 27.
Mr. Smith replaces Adam Levine, who left the council in April to join Texas Trust.
Mr. Smith is chief investment officer at the $11 billion Kansas Public Employees Retirement System, Topeka.
Hudepohl & Associates assisted the council with the search.
Scott Richland was hired as chief investment officer of the California Institute of Technology, Pasadena, confirmed spokesman Jon Weiner.
Mr. Richland replaces Sandra Ell, who announced her retirement from the $3.5 billion endowment fund earlier this year, pending the hiring of a new CIO.
Mr. Richland was president of private equity firm Lunada Bay Investors.
Alaska Permanent Fund Corp., Juneau, is searching for a risk investment analyst, according to a job posting on the $35 billion sovereign wealth fund's website.
The investment analyst will perform detailed risk analyses of the fund's public equity, private equity and infrastructure portfolios, among other asset classes.
Permanent Fund spokeswoman Laura Achee said the successful candidate will succeed Jennifer Ma, who left the fund; Ms Achee didn't have further details about Ms. Ma's plans. Ms. Achee said the position was reworked slightly from an equity analyst position to risk investment analyst.
Applications are due by 4:30 p.m. Alaska time Sept. 27. More information is available at the fund's website, http://www.apfc.org/home/ Media/aboutAPFC/2010_9_RISKANALYST_bul.pdf.
Tom Turpin stepped down as president and CEO of Old Mutual Asset Management (U.S.) to pursue other opportunities, confirmed London-based spokesman Patrick Bowes.
That decision came as parent company Old Mutual PLC is gearing up to pursue an IPO for OMAM sometime between 2011 and 2012, he said.
Mr. Bowes said he has no information on Mr. Turpin's plans. Efforts to reach Mr. Turpin were unsuccessful.
Executive Vice President and COO Linda Gibson will also replace Mr. Turpin on an interim basis while a search for Mr. Turpin's replacement is conducted. Mr. Bowes said he has no information on whether Ms. Gibson will be among the candidates considered for the job on a permanent basis.
John Klopp and Olivier de Poulpiquet were named co-CEOs and co-chief investment officers of Morgan Stanley's real estate investing business.
Messrs. Klopp and de Poulpiquet will report to Jay Mantz, who was named vice chairman of the unit, said Alyson Barnes, a company spokeswoman. Mr. Mantz was previously president and CIO of the group. Owen Thomas, who was chairman and CEO of the real estate investing group, will remain chairman and will continue in his primary role of CEO of Morgan Stanley Asia, Ms. Barnes said.
Mr. Klopp was Morgan Stanley's head of investing in Americas real estate and global property debt; he came to the firm in February from Capital Trust. Mr. de Poulpiquet, who began his career at Morgan Stanley in 1994, rejoined the firm as head of European business in April after leaving for Pirelli & C. Real Estate in 2003.
Morgan Stanley also established an executive committee to oversee the real estate investing business. Greg Fleming, who joined the firm in February as head of asset management, will chair the panel.
Nick Gartside was named international chief investment officer of fixed income at J.P. Morgan Asset Management, confirmed spokeswoman Kristen Chambers.
The London-based position is a new one. Mr. Gartside starts in December and will report to Bob Michele, global CIO of fixed income for New York, London and Asia.
Mr. Gartside was a portfolio manager and head of fixed income at Schroders. A Schroders spokeswoman couldn't immediately discuss plans to replace Mr. Gartside.
James Woods-Collins was promoted to CEO and Paul Sheriff was named CFO and COO of Record, a specialist currency manager that provides hedging services to institutional clients, confirmed Neil Record, who has served as CEO and will continue to serve as chairman of the company.
Mr. Woods-Collins has led Record's client team since December 2009; he joined Record in 2008 from J.P. Morgan Cazenove, where he was a managing director advising financial institutions on M&A, IPOs and related corporate finance transactions, Mr. Record said in a telephone interview.
Leslie Hill, deputy CEO, will reassume her position as head of Record's client team, which she held before Mr. Woods-Collins, and will retain her position as deputy chief executive, Mr. Record said.
Mr. Sheriff has been interim CFO and COO since August 2009, when Peter Wakefield retired from the two posts, Mr. Record said.
“There are no new personalities coming into the business at the top; we're just reorganizing the structure,” Mr. Record said. “I'm staying in the post as chairman. From a client perspective and from an investment consultant perspective, not a huge amount is going to be changed. We're not losing anyone and we're not adding anyone.”
Stephan Breban was named director of private equity at Russell Investments.
It is a new position, Matt Burk-hard, spokesman, wrote in an e-mail response to questions.
Mr. Breban, who is based in Russell's London office, is responsible for private equity manager research and provides the firm's institutional clients with analysis of private equity markets and asset allocation.
He was founder and managing director of City Capital Partners in London, a private equity consulting firm which is winding down its business, said Katherine Stouffer, a Russell spokeswoman.
Steve Walker was named managing director for client and consultant relationships at real estate investment manager TRECAP Partners, according to Doug Tibbetts, CEO.
It is a new position, Mr. Tibbetts said in a telephone interview.
Mr. Walker was managing director, head of marketing and client services at Principal Real Estate Investors. A Principal Real Estate spokesman could not be reached for comment.