UK - Paul Trickett, head of investment for Europe, Middle East and Africa at consultancy Towers Watson, will be leaving the firm.
He will join Goldman Sachs Asset Management as head of the global portfolio solutions group for EMEA. The group provides portfolio advice and fiduciary and risk management services to large institutions.
Charles Baillie, Cc-head of alternative investments and global portfolio solutions for Goldman Sachs Asset Management, said: "Paul brings a wealth of experience and expertise across asset classes and investment styles, Crucially he is a global practitioner with deep knowledge of the European investment market in particular. We all look forward to working with him as we continue to extend our global portfolio solutions to a wide range of institutional clients."
Trickett will be temporarily replaced at Towers Watson by Carl Hess, global head of investment, while a replacement is announced.
Details of Trickett's replacement will be announced "in due course", said Towers Watson spokesman Paul Deane-Williams.
Trickett joined the firm in 1998 and has served as head of investment for EMEA for the past four years.
His appointment is the latest in personnel changes at GSAM. In early September, the firm announced it hired Philip Read, chairman of the British Coal Staff Superannuation Scheme, on of the UK's largest pension schemes, as a senior adviser in the global portfolio solutions group.
In mid-September, the firm said global CIO Eileen Rominger will retire at year-end, while Jim O'Neill was appointed to the new role of chairman. (Global Pensions; September 13, 2010)
GSAM manages $802bn in assets.
Despite improvements in investment manager attitudes towards responsible investment, research reveals there is a way to go before the majority deliver meaningful action. Victoria Ticha explores why
The Co-operative Bank is set to continue de-risking pension schemes after it mitigated further losses by switching from the retail prices index (RPI) to the consumer prices index (CPI).
A model aimed at reducing climate change-related financial risk exposure from corporate credit assets has been launched by Insight Investment.
Universities Superannuation Scheme (USS) members should be responsible for most of the cost of increased contributions if the scheme's defined benefit (DB) section remains open to accrual, Pensions Buzz respondents say.