On Friday, Goldman named a new head of its asset management group. Mark Spilker is moving over from his position as co-head of US equities trading to a slot which has been empty since his predecessor left in May for Lehman brothers.
Goldman Sachs Group Inc., the most profitable investment bank in Wall Street history, named Marc Spilker to oversee its team of money managers that invest in hedge funds and private equity funds.
Spilker, 42, will report to Eric Schwartz and Peter Kraus, co-heads of Goldman Sachs Asset Management. He moves from the securities unit, where he was co-head of U.S. equities trading and global head of volatility trading. Spilker has also held positions overseeing currency options and Japanese fixed-income, according to an internal memorandum to employees that was confirmed by spokeswoman Andrea Raphael.
Spilker, a 16-year veteran of the New York-based firm, will assume responsibilities previously held by George Walker, who left in May to run asset management at Lehman Brothers Holdings Inc. He won't oversee the $10 billion Global Alpha fund, part of a separate quantitative strategies unit managed by Mark Carhart and Raymond Iwanowski.
Goldman Moves Spilker to Oversee Hedge Funds, Buyouts [Private Equity]