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Goldman Sachs Asset Management Appoints Kathleen Hughes

August 17, 2010

London 17 August, 2010 – Goldman Sachs Asset Management (GSAM) today announced that Kathleen Hughes has been appointed Global Co-head of Cash Distribution. Along with Co-head Jim Fitzpatrick she will be responsible for overseeing the distribution of GSAM’s liquidity products.

Kathleen Hughes joins from JP Morgan Asset Management where she was Managing Director and Head of Global Liquidity, EMEA. Kathleen joined JP Morgan in 1990, initially focusing on private banking clients. In 2000, she moved to JP Morgan Asset Management with a remit to build the global liquidity platform in EMEA. Kathleen sits on the Board of Directors for the Institutional Money Markets Funds Association, where she is also Chair of the Communications Committee.

Jim McNamara, Global Head of Third Party Distribution for Goldman Sachs Asset Management, commented:

“Cash products are a key part of our offering to clients worldwide. We’re excited that Kathleen is joining us to grow our business along with Jim Fitzpatrick. Kathleen is an industry leader whose deep market knowledge and insight make her ideally suited for this role.”

Kathleen Hughes will assume her new position in September. She will be based in London.

Goldman Sachs Asset Management is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS), which manages $802 billion as of 30 June, 2010. Goldman Sachs Asset Management has been providing discretionary investment advisory services since 1989 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 financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.

Press Enquiries:
Niklas Ekholm
Head of International Public Relations,
Goldman Sachs Asset Management
Tel: +44 207 051 9270
Email: niklas.ekholm@gs.com