The £2.25bn (€3bn) Electricity Supply Board General Employees' Superannuation fund of Ireland has appointed Goldman Sachs Asset Management for a European fixed income mandate.

The fixed income brief worth in excess of £100m is an additional mandate. 'It was part of an asset allocation change rather than a manager change,' said Brid Horan, pensions manager in Dublin. David Hager at Bacon & Woodrow assisted the scheme with the selection.