Fadi Abuali was named CEO of Goldman Sachs Asset Management International, effective immediately.
Mr. Abuali succeeds Andrew Wilson, according to a memo seen by Pensions & Investments. Mr. Wilson became chairman of the global fixed income and liquidity solutions business at affiliate Goldman Sachs Asset Management in January. He became CEO of GSAM International in 2009.
Mr. Abuali is responsible for developing and implementing GSAM's business strategy in Europe, the Middle East and Africa. He oversees the firm's governance arrangements, organizational structures, risk management processes and internal control mechanisms.
He is also a member of the European managing committee, serves on GSAM International's board and is chairman of the international unit's management committee.
Mr. Abuali will retain his responsibilities as head of the GSAM EMEA client business, the memo said. He is based in London.
The memo was signed by Timothy J. O'Neill and Eric S. Lane, global co-heads of GSAM's consumer and investment management division; and Craig Russell and Luke Sarsfield, global co-heads of GSAM's client business.
Parent company Goldman Sachs Group reported $2.06 trillion in assets under supervision for GSAM on Wednesday.