Goldman Sachs JBWere Asset Management (GS JBWere) has remixed its staff composition in a bid to become more aware of developing market needs within the Australian asset management industry.
Marc Harrison, who is currently head of equities for GS JBWere, has ascended to the newly created role of executive director – asset management where he will be expected to spot market and product opportunities to further grow the firm’s expanding asset management business.
GS JBWere senior investment officer Tim Hannon will fill Harrison’s shoes and will have the chief responsibility of developing the firm’s stock selection process. GS JBWere managing director Ian Ward-Ambler said the appointments were due to growth and continuing success within the business.
Harrison, who has been with the firm for 11 years, will report to Ward-Ambler while Hannon who has been with the firm for eight years will report to chief investment officer Andrew Cooke.
“These promotions have strengthened the focus of our business by dedicating skills and experience to emerging opportunities, while ensuring clients benefit from continuity of investment approach and philosophy,” Cooke said.
Meanwhile Ward-Ambler said Harrison’s enhanced role within the group would help “achieve our strategy of actively broadening our core competencies.”
The appointments come just three weeks after a major executive reshuffle at GS JBWere triggered by the pending retirement of joint managing director of equities products, Peter Wade. The remaining managing director, Justin Arter, will be appointed to the newly created position of managing director – firmwide strategy when Wade retires in March next year.
