Michael Goosay, formerly the head of global pensions and multisector fixed income portfolio management at Goldman Sachs Asset Management, has joined Principal Asset Management as managing director of global fixed income.
Mr. Goosay is "entering a newly created role designed to lead responsibilities across the fixed income platform," said a spokeswoman for Principal Asset Management by email.
Mr. Goosay was also named as a portfolio manager on Principal Asset Management's fixed income flagship short-term income, core, core plus and U.S./global multisector strategies, said a Monday release.
Regarding the portfolio manager roles, the spokeswoman said that Mr. Goosay "will take on leadership responsibilities across the platform, which will include joining existing portfolio managers across the suite in managing key multi-sector strategies."
Based in New York, Mr. Goosay will report to David Blake, senior executive director and global head of public markets for Principal Asset Management, the spokeswoman added.
Principal Asset Management's fixed income platform comprises $135.7 billion in assets under management spanning all major fixed income sectors, the release noted.
Mr. Goosay was formerly the head of global pensions and multi-sector fixed income portfolio management at Goldman Sachs Asset Management.
Goldman declined to comment on Mr. Goosay's potential successor.
Principal Asset Management, a unit of Principal Financial Group, has total AUM of $525.2 billion.