Updated with correction
Michael Turok was named a managing director and head of the “Strats” team within Goldman Sachs Asset Management’s quantitative investment strategies division, said an internal memo obtained by Pensions & Investments.
Beginning in the fourth quarter, Mr. Turok will oversee GSAM’s roughly 25-person QIS Strats team with a focus on enhancing its data applications, including expanding its capabilities in natural language processing and other machine-learning techniques. He will be based in New York.
It could not be learned by press time if this position is new or to whom he reports.
Mr. Turok was head of fixed-income quantitative portfolio strategies at BlackRock. It could not be learned by press time if he was replaced; BlackRock spokeswoman Olivia Offner could not be immediately reached for comment.
GSAM’s quantitative investment strategies division has roughly $80 billion in assets under management.
