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GSAM spin-off announces rebrand

GSAM spin-off announces rebrand

Tim Stewart
— 1 minute read

The management buyout of Goldman Sachs AM’s Australian investment operations will be rebranded as Yarra Capital Management.

Yarra Capital Management will be the new name of Goldman Sachs Asset Management's (GSAM) Australian funds management platform and investment capabilities.

The management buyout of the GSAM investment business, which is being backed by global private equity firm TA Associates, was announced in September 2016 and is due to complete by the end of December 2016.

Yarra Capital Management will be led by managing director and head of equities Dion Hershan, who has been head of Australian equities at GSAM since 2007.

Former Future Fund chairman Mark Burgess will be the independent chairman of the new business.

The leadership team will be rounded out by Katie Hudson, head of Australian equities research and small cap portfolio manager; Roy Keenan, head of fixed income and multi-sector; and Brett Davidson, chief operating officer.

Mr Hershan said the incorporation of the Yarra River into the new brand is intended to convey the company's "proud Australian heritage".

"The Yarra River is a recognisable icon and we like the idea that rivers, just like this business, will always forge their own path," he said.

With the spin-off of Yarra Capital Management, GSAM will be left to focus exclusively on its global investment products.

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