Goldman Sachs' investment management co-head to exit

Marc A. Spilker will retire as co-head of the investment management division at Goldman Sachs at the end of February, confirmed Andrea Raphael, a spokeswoman for the firm. She had no further details on Mr. Spilker's plans, and Mr. Spilker wasn't immediately available for further comment. Edward C. Forst will replace Mr. Spilker as co-head of Goldman's investment management division, joining Tim O'Neill, the division's other co-head. Mr. Forst served as senior strategy officer at Goldman Sachs since returning in mid-2009 from Harvard University, where he was first executive vice president and principal operating officer. Before his Harvard stint, Mr. Forst had served as the sole head of the investment management division at Goldman Sachs. The top level changes were announced internally at Goldman Sachs today. This story first appeared in Pensions & Investments, an InvestmentNews sister publication