Samuel Finkelstein, global head and chief investment officer of fixed income and liquidity solutions at Goldman Sachs Asset Management, will retire at the end of June.
Kay Haigh and Whitney Watson, currently deputy co-heads of fixed income, will become global co-heads and chief investment officers of fixed income and liquidity solutions, according to a memo to employees Tuesday from Marc Nachmann, global head of asset and wealth management, and Julian C. Salisbury, chief investment officer of asset and wealth management.
A spokeswoman said in an email that Mr. Finkelstein is "retiring from the industry entirely."
Mr. Haigh and Ms. Watson will report to Ashish Shah, global chief investment officer of public investing for asset management, the memo said.
Mr. Finkelstein joined the firm in 1997, became managing director in 2005 and a partner in 2010.
"Sam has played a critical role in the growth and success of our fixed income and liquidity solutions business," the memo said.
Mr. Haigh and Ms. Watson "will lead our teams around the world in delivering strong investment performance and customized solutions to our clients across the broad range of strategies which make up the platform," the memo stated. "Mr. Haigh will also continue to oversee the emerging markets debt team."
In addition, Mr. Finkelstein "will work closely" with Mr. Haigh and Ms. Watson to "fully transition responsibilities before his retirement in June."
The spokeswoman also said Mr. Haigh's and Ms. Watson's "co-head and CIO responsibilities are an extension of their current functions as deputies," adding that "they are already working closely with Ashish in their roles and have a deep bench of investment professionals to support them."
It was announced earlier this week that another Goldman Sachs AM executive, Mike Koester, co-president of alternatives, will retire at the end of April.
Goldman Sachs Asset & Wealth Management had $2.55 trillion assets under supervision as of Dec. 31.
