The chief investment officer (CIO) of emerging markets at Goldman Sachs Asset Management (GSAM) has left the firm.
Citywire AA-rated Prashant Khemka who was CIO of emerging markets, in addition to being portfolio manager on the Goldman Sachs Emerging Markets Equity fund, has left the firm to pursue other opportunities, according to a letter to clients.
He will be replaced on the fund by Hiren Dasani, who will start managing the strategy in May alongside existing manager Basak Yavuz, according to a Securities and Exchange Commission filing.
Dasani, who joined the firm's India equity research team in 2007, will also become lead portfolio manager of Goldman's India equity portfolios, expanding on the work he previously did in the space.
Additionally, both Dashani and Yakuv have been appointed co-heads of emerging markets equity.
The changes come as Sam Finkelstein was named global head of emerging markets for the firm.
Finkelstein fills the newly created position after heading emerging markets debt at the firm—a role in which he will continue.
‘We believe the leadership structure will help us better serve you by increasing collaboration amongst our investing teams,’ said the client letter.