Goldman Sachs Asset Management chairman Jim O'Neill - the man who first coined the phrase BRIC - is to retire this year after 20 years at the company.
O'Neill (pictured), famous for coining the BRIC acronym to describe the Brazil, Russia, India and China investment universe, joined Goldman Sachs in 1995 as co-head of global economics research. Prior to taking over as chair of the bank's asset management arm in 2010, he was head of global economics, commodities and strategy research and a member of the firm's European management committee. In 2001, O'Neill made his most recognised contribution to the investment world, in a paper entitled "Building Better Global Economic BRICs". The acronym has since come into widespread use as a s...
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