Goldman Sachs Asset Management (GSAM) has named Jim O’Neill as its new chairman. He will remain based in London and will report to Ed Forst and Tim O’Neill, global co-heads of the Investment Management division of Goldman Sachs.

Most recently, O’Neill was head of Global Economics, Commodities and Strategy Research for Goldman, Sachs & Co, where he managed the firm’s economics, strategy and commodity research teams.

As part of GSAM’s senior leadership team, O’Neill will work closely with divisional management and with portfolio management teams on developing innovative strategies for clients.

He will also continue to write about his views in this newly-created role designed to leverage O’Neill’s global perspective on world markets.

Prior to joining Goldman Sachs, O’Neill was head of Research globally for Swiss Bank. He also held positions with Bank of America and International Treasury Management, a division of Marine Midland Bank.