Goldman Sachs letter to clients announcing that Katinka Domotorffy, the head of the firm's quantitative investment strategies group, planned to retire.
Goldman Sachs letter to clients announcing that Katinka Domotorffy, the head of the firm's quantitative investment strategies group, planned to retire.
Goldman Sachs letter to clients announcing that Katinka Domotorffy, the head of the firm's quantitative investment strategies group, planned to retire.
Goldman Sachs Asset Management | 200 West Street | New York, New York 10282
September 14, 2011
Re: Quantitative Investment Strategies (QIS) Team Update
After 13 years of distinguished service, Katinka Domotorffy, CIO and head of QIS, has decided to retire from the firm at the end of this year. Katinka joined Goldman Sachs in 1998 as a portfolio manager and researcher working with the quantitative global macro and fixed income teams. In 2007, Katinka took on broader role as the head of strategy for the QIS, where she led a number of strategic priorities including the integration of research and portfolio management, a focus on new and innovative client solutions and the build-out of the group's broader beta capabilities. In 2009, Katinka became the CIO and head of QIS. Katinka has been a strong leader for the QIS organization. During her tenure, she reinforced and enhanced our investment discipline, placed increased emphasis on our research models and led the team through a time of tremendous market volatility and change. We thank her for her contributions to the firm and our clients and wish her well in retirement. Going forward, we are pleased to announce that Armen Avanessians will join GSAM as head of our global quantitative business. In this role, he will be responsible for overseeing our quantitative, rules-based and indexing businesses. Armen has been with the firm since 1985 and has extensive experience across a wide variety of quantitative, electronic, rules- based and analytical businesses. Armen joined Goldman Sachs in 1985 as a foreign exchange strategist. He became a partner in 1994 and a member of the Securities Division Executive Committee in 2003. Armen's experience across a wide variety of quantitative, electronic, rules-based and analytical businesses will be instrumental to our clients. Armen will be based in New York and will report to us. In addition, we are pleased to announce that we have hired Ron Hua as a partner to serve as the chief investment officer and head of our quantitative equity alpha business, which will include our research and portfolio management activities. Ron joins us from PanAgora Asset Management where he was the chief investment officer and head of equity investments. In that role, he was responsible for overseeing over $12 billion in equity assets under management. Ron has worked in quantitative research and investing since 1992 and has served as both a researcher and portfolio manager. Throughout his career, he has been responsible for structured equity portfolios, including US, non-US, global and emerging markets strategies. Ron will report to Armen. We are delighted to have Ron join our team and are pleased that we can augment our existing quantitative equity team with such a high caliber investor. With Ron taking on responsibility for our quantitative equity alpha business, Bill Fallon, CIO and head of our alpha strategies, will now focus exclusively on our quantitative macro businesses. Don Mulvihill, the CIO and head of our customized beta strategies, will continue in his current role. Both Bill and Don will report to Armen. All of Katinka's direct investment responsibilities were performed within a co-lead or team leadership structure. Therefore, we expect no interruption in day-to-day investment decision- making in any portfolios. Her responsibilities will be absorbed by the respective portfolio managers and CIOs for each portfolio: Ron will assume CIO responsibilities for equities, Bill for macro strategies and Don for customized beta and tax-advantages strategies. Please join us in thanking Katinka for her many contributions to the firm and in welcoming Armen and Ron to GSAM.
Timothy J. O'Neill Edward C. Forst
For Consultant and Client use only Not for distribution or use with the general public. No part of this material may be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director, or authorized agent of the recipient, without GSAM's prior written consent. 2011 Goldman Sachs. All rights reserved.