Deals & People November 9, 2010

Goldman Sachs Expands DC Team

Goldman Sachs Asset Management, L.P. (GSAM) added three executives to its defined contribution team to expand the business and strengthen client offerings.

Reported by

Rebecca Moore

Phil Callahan joins as Managing Director for the Midwest and will oversee the marketing of investment strategies to large-market defined contribution sponsors. Fred Conley joins as Vice President for the Southeast and will oversee the marketing of investment strategies to large-market defined contribution sponsors and lead GSAM in developing lifetime income solutions. Suzanne van Staveren joins as Vice President and Chief Operating Officer for the GSAM Defined Contribution (DC) business and will be responsible for sales support, operational controls, and strategy execution.

All three report to Bill McDermott, Managing Director and Head of GSAM’s Defined Contribution business.

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According to the announcement, Callahan brings more than 20 years of industry experience in the retirement industry. He was previously head of Client Relations for a global macro hedge fund at Singer Partners. Prior to that, he spent time at Neuberger Berman and Lehman Brothers Investment Management in various roles in the DC space. Callahan earned his bachelor’s degree from the Boston College School of Management.

Conley joins GSAM from Genworth Financial where he was head of the Institutional Retirement Group and he brings over 25 years of retirement experience in the field. Prior to that, Conley was responsible for Institutional Sales at CitiStreet, working in the Defined Contribution and Total Benefits Outsourcing markets. He earned his bachelor’s degree from Columbia University.

Van Staveren was most recently Senior Vice President of Alternative Product Design at AXA Equitable Life Insurance Company. Prior to that, she spent 13 years at Fidelity Investments, where she worked in a variety of management positions. She earned her bachelor’s degree from Johnson & Wales University and an MBA from Northeastern University.