Raanan Agus, a 30-year veteran of Goldman Sachs Asset Management, will retire in April from his full-time role as co-head and co-chief investment officer of GSAM's external investing group.
Agus will continue to serve GSAM as an advisory director, helping to oversee investment and strategy decisions as a member of various investment committees, said Marc Nachmann, GSAM's global head of asset and wealth management, in a news release.
Michael Brandmeyer, co-head and co-CIO of GSAM's external investing group, will become head and CIO when Agus steps down, a spokeswoman said.
The external investing group, which vets managers of both private and public market strategies, was responsible for more than $350 billion in assets under supervision as of Dec. 31, the spokeswoman confirmed.
The company reported a record $2.8 trillion in AUS for its asset and wealth management businesses earlier this month.
Nachmann noted that Agus played a key role in building the firm's external investing group business, which was previously known as the alternatives investments and manager selection group.