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 HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter