Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. 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 Dispelling the sustainable investing myths

Dispelling the sustainable investing myths

There's a bit of a buzz around sustainable investing at the moment. We speak to three wealth managers to find out what they think.

Play Inside ETFs: positioning for the Fed rate rise

Inside ETFs: positioning for the Fed rate rise

Natalie Fast discusses how investors are using ETFs to position for a rate rise with guests Irene Bauer from Twenty20  Investments and Markit's Simon Colvin.

Play Wealth Manager Retreat: video highlights

Wealth Manager Retreat: video highlights

The UK's leading wealth management talent gathered at our annual event at the Grove celebrate the best in private client portfolio management.

Wealth Manager on Twitter