Goldman Sachs Asset Management Chairman O'Neill to retire-memo
Feb 5 (Reuters) - Jim O'Neill, the chairman of Goldman Sachs Group Inc's asset management division who coined the popular term "BRIC" to refer to four fast-growing emerging markets, will retire later this year, according to an internal memo.
O'Neill is an economist by training who joined the firm in 1995 as a partner, said the memo, which was signed by Goldman Sachs Chief Executive Lloyd Blankfein.
He is perhaps best known for coming up with the BRIC acronym in 2001, which identified Brazil, Russia, India and China as top emerging markets where investors could put their money for high returns.
- Boy and girl on Korean ferry tied life jackets together before they drowned |
- Children's corpses reveal desperate attempts to escape Korean ferry |
- UPDATE 3-Boy and girl on Korean ferry tied life jackets together before they drowned
- Obama reaffirms commitment to Japan on tour of Asia allies
- Juicy Apple buoys shares, euro volatility sinks