Armen Avanessians, a managing director in Goldman Sachs & Co.'s securities division, has joined Goldman Sachs Asset Management as head of its global quantitative investment strategies business, according to an internal memo obtained by P&I Daily.
Mr. Avanessians replaces Katinka Domotorffy, who will retire from GSAM at the end of the year, according to the memo. Ms. Domotorffy couldn't immediately be reached for comment.
Mr. Avanessians won't take on Ms. Domotorffy's other role as CIO of the quantitative business. Instead, CIOs for three segments of the business — equity alpha strategies, macro alpha strategies and customized beta strategies — will report to him.
According to the memo, Bill Fallon, who had served as CIO of macro alpha strategies and equity alpha strategies, will “focus exclusively on our quantitative macro business.”
Meanwhile, Ronald Hua joined GSAM as a partner and CIO of the quantitative equity alpha business, according to the memo. Mr. Hua comes to GSAM from PanAgora Asset Management, where he served as equities CIO and head of equity investments, the memo said. Robert Job, head of business development with PanAgora, couldn't immediately be reached for comment.
Don Mulvihill will remain CIO and head of GSAM's customized beta strategies.
GSAM spokesman Ed Canaday confirmed the contents of the memo.