Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Goldman Sachs’s Kirsch To Retire From Overseeing $75 Billion

Eric M. Kirsch, global head of insurance asset management for Goldman Sachs Group Inc. plands to retire. Photographer: Stephen Yang/Bloomberg
Eric M. Kirsch, global head of insurance asset management for Goldman Sachs Group Inc. plands to retire. Photographer: Stephen Yang/Bloomberg

June 28 (Bloomberg) -- Goldman Sachs Group Inc.’s Eric Kirsch plans to retire as global head of insurance asset management, a position that involved overseeing $75 billion for clients, according to a company spokesman.

Kirsch plans to leave the New York-based Goldman Sachs in September after four years on the job, Ed Canaday, a spokesman, said in a telephone interview. John Melvin, global head of insurance fixed-income portfolio management, and Ellen Cooper, global head of insurance strategy, are among executives who will take over Kirsch’s responsibilities.

Goldman Sachs tripled insurance general account client assets under management while Kirsch was at the firm, according to Canaday. The bank said this month that Mark Oldcorn and Etienne Comon will be joining its asset-management group in London as it looks to expand services in Europe overseeing funds for insurers.

“We are fully committed to the insurance asset-management business and have a strong leadership team in place,” said Canaday. “We will continue to invest in additional resources and infrastructure to serve this very important client segment.”

Kirsch joined Goldman Sachs in 2007 after overseeing about $140 billion at Deutsche Bank AG’s insurance asset-management business. His retirement was reported by Insurance Asset Manager yesterday.

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.