Goldman Sachs has appointed a new chief of its global alternative asset management business.
The investment banking behemoth reportedly said in a company memo that Marc Spilker has left its securities division to take on the new role, according to Reuters.
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Spilker has been at Goldman Sachs for more than 16 years, having become a partner in 1996.
Goldman Sachs has been bullish about its expansion plans in the alternatives space of late.
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The alternatives division of its asset management arm recently announced that it had raised $20bn (£15.8bn) for its senior direct lending strategy, including a $13.1bn close for its latest direct lending fund.
Goldman Sachs’ alternative asset management business also includes hedge fund strategies and private equity investments.
One of Spilker’s goals will be to develop new hedge fund strategies while keeping an eye on risk, the company memo said.