UK - Goldman Sachs Asset Management, the investment arm of Goldman Sachs, has appointed David Townshend as a buyside analyst.
Townshend joins Goldman Sachs Asset Management from the firm’s investment banking unit where he worked as a banking analyst in the equities broking team.
In his new role, he will research European banks and will report to co-head of global equities, Susan Noble.
By Janet Du Chenne
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.