Goldman Sachs has appointed a brand new chief of its world various asset administration enterprise.
The funding banking behemoth reportedly mentioned in an organization memo that Marc Spilker has left its securities division to tackle the brand new function, in response to Reuters.
Learn extra: Goldman Sachs: Pension funds eye non-public credit score in 2024
Spilker has been at Goldman Sachs for greater than 16 years, having change into a accomplice in 1996.
Goldman Sachs has been bullish about its enlargement plans within the options house of late.
Learn extra: Goldman Sachs’ alts unit raises $7bn for actual property credit score methods
The options division of its asset administration arm lately introduced that it had raised $20bn (£15.8bn) for its senior direct lending technique, together with a $13.1bn shut for its newest direct lending fund.
Goldman Sachs’ various asset administration enterprise additionally consists of hedge fund methods and personal fairness investments.
Certainly one of Spilker’s objectives can be to develop new hedge fund methods whereas maintaining a tally of threat, the corporate memo mentioned.
