Appointments

Goldman Sachs Asset Management said its global chief investment officer will retire by year-end, while the firm announced the promotion of Jim O'Neill to the new role of chairman.

GLOBAL - Goldman Sachs Asset Management said its global chief investment officer will retire by year-end, while the firm announced the promotion of Jim O'Neill to the new role of chairman.

David Norgrove's replacement at The Pensions Regulator will be paid £53,000 less than the outgoing chairman.

UK - Russell Investments has hired Tim Wilkinson, former managing director for EMEA at Mellon Transition Management (MTM), Global Pensions has learned.

Schroders has appointed Chris McGolpin as head of client service and business management in its institutional business.

AllianceBernstein has hired Tim Banks to expand its defined contribution capabilities in the UK.

SOUTH AFRICA - SEI Investments (South Africa) has hired Giles Mokoka as managing director in Johannesburg.

The National Association of Pension Funds has appointed the current head of pensions at HM Treasury as its new director of policy.

Hermes Real Estate Investment Management has appointed Chris Taylor as chief executive.

US - David Cooper has been named chief investment officer of Indiana's two largest pension plans, a further step in merging the operations of two schemes with $22bn in combined assets.