June 4, 2012
NEW YORK, June 4, 2012 – Goldman Sachs Asset Management, L.P. (GSAM) announced today that it has hired Robert Goodman as Managing Director, Global Head of Insurance Relationships, a new position in its Insurance Asset Management business. Goodman will lead new business development efforts and oversee client relationships for the Insurance Asset Management business globally.
“Bringing Robert onboard reflects GSAM’s continued commitment to providing innovative asset management solutions and exceptional service to our insurance clients,” said Michael Siegel, Global Head of Insurance Asset Management. “Robert’s extensive experience as a trusted advisor to senior insurance executives globally makes him well suited to lead our client relationship efforts.”
Goodman has served the insurance sector globally for over 25 years with positions in consulting, investment banking and asset management. Goodman began his career at McKinsey & Company, where he became a partner and co-head of the European Insurance Practice. As an investment banker, Goodman worked at Goldman Sachs in both London and New York. He also worked at Lazard, where he was the Global Head of Insurance Investment Banking. Goodman moved into asset management in 2006 at Deutsche Bank, where he was the Global Co-Head of Deutsche Insurance Asset Management and a member of the Global Operating Committee for Deutsche Asset Management. Goodman is a graduate of Harvard Law School, where he was an editor of the Harvard Law Review. He also holds an M.A. from Harvard University and a B.A. from Swarthmore College.
GSAM Insurance Asset Management currently manages over $125 billion in insurance assets and is ranked among the top 10 insurance asset managers worldwide1 . The group has more than 50 dedicated professionals focused on client relationship management, fixed income portfolio management, insurance advisory services and accounting policy. GSAM’s insurance capabilities include partial to full outsourcing solutions involving traditional fixed income strategies, alternative investments and equities. The group also offers a suite of advisory services including asset liability management, strategic asset allocation, capital-efficient investment strategies and risk management.
Goldman Sachs Asset Management is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS), which manages $824 billion as of March 31, 2012. Goldman Sachs Asset Management has been providing discretionary investment advisory services since 1988 and has investment professionals in all major financial centers around the world. The company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.
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Andrea Raphael Tel: 212-357-0025
Jason Weinzimer Tel: 212-445-8245
1 Based on insurance assets as of year-end 2011; source: Insurance Asset Manager