Citywire AA-rated manager and CIO for emerging markets Prashant Khemka has left Goldman Sachs Asset Management, Citywire Selector has learned.
According to a shareholder letter seen by Citywire Selector, GSAM announced the change on April 19 with Sam Finkelstein, who is head of emerging market debt, moving into the newly created role as global head of emerging markets.
Finkelstein will take on responsibility for all emerging market debt and equity operations, while Basak Yavuz and Hiren Dasani will be named as co-heads of emerging market equity.
Hiren will relocate from Mumbai to Singapore and take on responsibility for the Indian equity portfolios, as well as moving to assist Basak on the Global Emerging Market Equity portfolio.
It was not revealed where former Citywire Selector Star Manager subject Khemka (pictured) was headed beyond ‘pursuing other opportunities’.
A spokesperson for GSAM confirmed the depature. The shareholder note added: 'We believe the leadership structure will help us better serve you by increasing collaboration amongst our investing teams.
'There will be no change to the investment philosophy and process for our global emerging market equity and India equity portfolios as well as our emerging market debt investment process.'
He joined the company in 2000 and oversaw six funds across Ucits- and US-domiciled strategies covering EM equities, Indian equities, BRICs and wider global emerging markets.