JIM O’NEILL TO RETIRE FROM GOLDMAN SACHS

(The following is a reformatted version of a press release
issued by Goldman Sachs, obtained from www.goldmansachs.com.) 
Jim O’Neill to Retire from Goldman Sachs 
5 Feb 2013 
After nearly 20 years of outstanding service, Jim O’Neill,
chairman of Goldman Sachs Asset Management, has decided to
retire from the firm later this year. 
Jim is an influential economist and thought leader, and is
regarded as an expert in the world’s foreign exchange and bond
markets. Importantly, he has identified revolutionary economic
trends, defining the concept of the BRICs which has become
synonymous with the emergence of Brazil, Russia, India and China
as growth opportunities of the future. Jim’s BRIC thesis has
challenged conventional thinking about emerging markets and, as
a result, has had a significant economic and social impact. More
recently, his book, The Growth Map, captured his perspectives on
the growth markets of today and the future. 
Jim joined Goldman Sachs in 1995 as a partner in the roles of
co-head of Global Economics Research and chief currency
economist. He was named head of Global Economics, Commodities
and Strategy Research in 2001. In 2006, Jim joined the firm’s
European Management Committee. In 2010, he took up his current
role as chairman of Goldman Sachs Asset Management, and since
then he has strengthened our research discipline and enhanced
communication among investment professionals across asset
classes. In each of his roles at the firm, Jim has served our
clients by formulating views on global economic and market
themes and helping them to be positioned for the most
significant investment opportunities. 
Jim is involved in a number of non-profit organizations. He is
chairman and a founding trustee of the London-based charity
SHINE and also serves on the board of Teach for All and a number
of other charities specializing in education. Jim has been the
recipient of many awards, including an honorary doctorate in
2009 from the Institute of Education, University of London, for
his educational philanthropy. He is also a member of the board
of the Itinera Institute and has been on the board of Bruegel
since its creation. Jim is a member of the UK-India Round Table
and the UK India Business Council, and is also chairman of the
Greater Manchester Local Enterprise Partnership Advisory. He
previously served as a non-executive director of Manchester
United before it returned to private ownership in 2005. 
We wish Jim and his family all the best in the years ahead. 
Lloyd C. Blankfein
Gary D. Cohn 
(sgp) NY 
#<278855.14078.3.4.0.0.76>#
 
 
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