GSAM Adds to Multi-Asset Solutions’ Resources

Goldman Sachs Asset Management continues to add resources to outsourcing business with appointments to leadership roles.

Goldman Sachs Asset Management appointed Ashish Shah and Greg Calnon as co-heads of public investing, effective June 1, the firm announced in an email on Tuesday.

Shah and Calnon will be responsible “to further advance our public investing capabilities across fixed income, public equities and multi-asset solutions, focusing on alpha generation and delivering holistic client solutions,” Julian Salisbury, CIO of asset and wealth management, said in an email announcing the promotions. “Their decades of combined investing experience will help us to identify new opportunities and drive further growth and innovation across our global platform.”

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Both will continue to report to Salisbury, according to a spokesperson.

“The combined investing and leadership experience of Ashish and Greg will benefit both businesses— from identifying new opportunities, driving growth and driving innovation across the combined platform so that we can deliver the best of Goldman Sachs to our clients,” Salisbury said in an internal Goldman email announcing the promotions. “Adding leadership to the platform is a testament to its importance within our overall firm strategy. “ 

Shah will continue his role as CIO of public investing, according to Goldman. Calnon is a Goldman partner and was previously global head of multi-asset solutions.

Goldman promoted Carolyn Tavares to lead the multi-asset solutions advisory, earlier this month. She is responsible for executing Goldman Sachs’ multi-asset advisory strategy and managing a team of analysts and consultants.

“The [multi-asset] solutions business is an area of focus for the firm as we further deepen our relationships with large institutional clients by delivering them holistic portfolio advice,” the spokesperson said, earlier this month. “We will add resources as necessary to support our continued growth in this area.”

Tavares’ role is in addition to her position as the head of nonprofit outsourced CIO for retirement plans at Goldman Sachs.

Goldman announced in a separate memo the firm promoted Tim Braude and Valentijn van Nieuwenhuijzen to become co-heads of multi-asset solutions.

“MAS represents a key growth engine of our public investing franchise and engages with a diversified set of clients on their holistic portfolio needs, including asset allocation, portfolio construction and risk management,” says Marc Nachmann, global head of asset and wealth management, in a memo.

As co-heads, Braude and van Nieuwenhuijzen will continue to grow the global business with across outsourced CIO, third party wealth, defined contribution and retirement solutions and strategic partnerships, according to the memo.  

Goldman also announced Neill Nuttall will continue to serve as CIO for MAS and will be joined by Alexandra Wilson-Elizondo, who will become deputy chief investment officer of MAS and co-chair of the MAS investment core, according to Goldman Sachs.