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Marc Spilker To Leave Goldman Sachs, Start Hedge Fund With Seed Money From Jim Chanos

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I'm kidding, but seriously: the departing head of Goldman Sachs Asset Management (whose gig is being taken over by Edward C. Forst) is going to have a lot of time on his hands for stuff like unorthodox landscape architecture and now that he's retired, will really want to "maximize [his] beach enjoyment." Uncle Jim might want to consider tossing Spilks some bills, just to keep him occupied. Memo, courtesy of Dealbook.

February 12, 2010
Marc A. Spilker to Retire From Goldman Sachs
After 20 years of distinguished service, Marc A. Spilker, co-head of the Investment Management Division (IMD) and member of the Management Committee, has decided to retire from the firm. We are pleased that Marc will become a senior director.
During his career at the firm, Marc has held a number of important roles in IMD and the Securities Division. Marc joined IMD in 2006 as head of Global Alternative Asset Management and became chief operating officer in 2007. In that role, Marc was active in strategy, new product development, risk oversight and a variety of other initiatives. As co-head of IMD, Marc helped drive the division's strategic growth plans, attract new talent and successfully lead the division through a very difficult environment.
Prior to joining IMD, Marc was responsible for US Equities Trading and Global Equity Derivatives. Previously he was head of Fixed Income, Currencies and Commodities (FICC) in Japan and he also served as global head of FX options.
Marc has served as the co-chair of the IMD Operating Committee and a member of the Firmwide Business Practices Committee, Firmwide Risk, Finance and Structured Product Committees as well as the Structured Investment Products Committee. In addition, he was a member of the FICC/Equities Operating Committee and a member of the board of our insurance companies. Marc also served as the Management Committee sponsor of the Firmwide Women's Network. Marc became a partner and managing director in 1996.
Marc has consistently committed himself to the highest standards of the firm. He has personified our values of teamwork, innovation and client service. With leadership experience across all the sales and trading divisions and IMD as well as in New York, Tokyo and London, Marc has made outstanding contributions throughout the firm and has mentored many colleagues who have developed into our important leaders. We look forward to continuing to rely on his advice and counsel.
Please join us in thanking Marc for his service to the firm and wishing him and his family the very best in the years ahead.
Lloyd C. Blankfein
Gary D. Cohn