Goldman Sachs Asset Management Announces Appointment Of New Global Equity Portfolio Manager And Two Co-Heads For European Hedge Fund Business

Goldman Sachs Asset Management is continuing to recruit experienced professionals in line with its continued success in winning new mandates. Since January 2002 the number of professionals working for Goldman Sachs Asset Management in Europe has increased by 8%.

Michael Stanes joins the firm as a Global Equity Portfolio Manager. Michael previously spent 15 years at Merrill Lynch Investment Managers, where he was latterly Senior Portfolio Manager working in London, Tokyo and the US.

He will be working with Susan Noble, Chief Investment Officer and Senior Portfolio Managers Nuno Fernandes and Safa Muhtaseb. The Global Equity team, which manages $4.7bn, is supported by more than 80 Goldman Sachs Asset Management investment professionals around the world, including over 70 research analysts and four portfolio construction specialists based in London.

In addition, Hugh Lawson and Nadja Pinnavaia have been appointed Co-heads of Goldman Sachs Asset Management's European Hedge Fund Strategies business. Both are based in London.

Hugh Lawson and Nadja Pinnavaia have been with Goldman Sachs for over five years and seven years respectively. Hugh has worked with both corporate and investment clients in Goldman Sachs' Investment Banking and Investment Management Divisions. Nadja, as an existing key member of the Hedge Fund Strategies Group, has strong hedge fund investment knowledge combined with experience gained previously with Goldman Sachs' Equity Derivatives and Private Wealth Management groups.

Suzanne Donohoe, Co-Head of Goldman Sachs Asset Management Europe, commented:

'Despite difficult markets, we have been continuing to grow our assets under management and, in line with the expansion of our business we've continued to deepen our investment teams. These appointments further demonstrate the success we are enjoying across our business.'

Press Enquiries (UK):

Goldman Sachs Corporate Communications
Simon Eaton 020 7774 1000

Nitya Bolam / Michael Webster 020 7404 5959

Notes to Editors
  • Goldman Sachs is one of the leading global investment banking, securities and investment management firms, providing a full range of investment, advisory and financing services world wide to a substantial and diversified client base which includes corporate, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. After 130 years as a private partnership, the firm became a public company in 1999. Goldman Sachs is headquartered in New York and has 47 offices in more than 20 countries (1).
  • Goldman Sachs Asset Management was founded in 1988. Globally, Goldman Sachs Asset Management manages assets totalling some $282.5 billion (2) covering a broad variety of clients including: pension funds, foundations and endowments, governments, corporations and financial institutions. Goldman Sachs Asset Management International is regulated by the Financial Services Authority (FSA).
  • This press release has been communicated in the United Kingdom by Goldman Sachs Asset Management International, which is regulated in the UK by the FSA. It is your responsibility to ensure that any onward transmission of information contained within this press release is distributed in accordance with applicable law and regulation. This press release is for information purposes only and is not construed as solicitation to anyone in any jurisdiction.

(1) As at 30 September 2002
(2) As at 30 September 2002