Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Goldman Sachs' Jim O'Neill to retire

Goldman Sachs' Jim O'Neill to retire

Jim O’Neill, chair of Goldman Sachs Asset management and originator of the term Bric to describe the emerging economies of Brazil, Russia, India and China, will retire later this year.

In addition to coining what is probably the most ubiquitous financial acronym of recent times O’Neill also gained public fame in the UK as leader of the Red Knights, a campaign group opposed to the leveraged-buyout of Manchester United football club by the US-based Glazer family.

He was eventually required to step down from the role over a conflict with the Goldman Sachs’ banking relationship with the family, however. He had previously served as a non-exec at the club.

Chief executive and chair of Goldman Sachs Lloyd Blankfein said in a statement: ‘After nearly 20 years of outstanding service, Jim O’Neill, chairman of Goldman Sachs Asset Management, has decided to retire from the firm later this year.

‘Jim is an influential economist and thought leader, and is regarded as an expert in the world’s foreign exchange and bond markets.

‘In each of his roles at the firm, Jim has served our clients by formulating views on global economic and market themes and helping them to be positioned for the most significant investment opportunities. We wish Jim and his family all the best in the years ahead.’

O’Neill joined Goldmans in 1995 as a partner, chief economist and co-head of global economic research, and was appointed head of global economic, commodities and strategy research in 2001.

He joined the company’s European management committee in 2006 and was appointed chair of the asset management division in 2010.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter