US - Acadian Asset Management has appointed Goldman Sachs' Wesley Chan as director of research operations.
The global equity specialist said he would help lead its bottom-up research effort alongside Malcolm Baker, a Harvard Business School finance professor who acts as a consultant to the firm.
While at Goldman Sachs, Chan served as a vice president in the quantitative investment strategies group. In this role, he was a lead member of a team responsible for tens of billions of dollars in global equity investments, developing alpha themes and implementing new signals.
Acadian chief investment officer John Chisholm said: "Wes brings with him a wealth of knowledge and deep understanding of investment markets, as well as innovative ideas in applying quantitative models to add value for our clients. His ties to members of our investment team go back a decade or more, and we believe he will make significant contributions to our future investment success."
Acadian managed $50.6bn of assets as of June 30 2011.
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