Goldman Sachs Asset Management has appointed Jim O'Neill, the chief economist from its parent bank and the man who coined the term 'Brics', as chairman of the division according to a statement.

O'Neill was head of global economics, commodities and strategy research for Goldman Sachs.

The man who created the acronym 'Brics' to chair the investment management division of Goldman Sachs

Lauren Willington

Goldman Sachs

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Wells Fargo booked a bigger profit in the first quarter, as lower expenses helped offset a decline in net interest income.

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Carney said the 90-day pause, and Trump’s pledge to negotiate new trading arrangements with dozens of countries, “will likely result in a fundamental restructuring of the global trading system.”

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Jim O'Neill to chair GSAM

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