Goldman Sachs AM Strengthens Fixed Income ETF Team hiring Alvaro Quiros
20 AUG, 2024
By Jose Luis Palmer from RankiaPro Europe
Goldman Sachs Asset Management announced the appointment of Alvaro Quiros, a seasoned expert in fixed income portfolio management, to spearhead its fixed income ETF efforts in the Europe, Middle East, and Africa (EMEA) region. This significant hire underscores GSAM's ambitions to expand its footprint in the active ETF market.
Expanding Fixed Income ETF Expertise
Alvaro Quiros brings a wealth of experience to Goldman Sachs, having previously served as a multi-sector fixed income portfolio manager at J.P. Morgan, where he focused on ETF portfolio management across both active and passive strategies. His role at Goldman Sachs will involve leading offshore fixed income ETF initiatives, leveraging the firm’s strengths in active fixed income and sustainability. Quiros’ appointment aligns with GSAM’s strategy to expand its ETF offerings and accelerate growth in this space.
Quiros' career also includes a notable tenure at Deutsche Asset Management, now DWS, where he was part of the ETF and index team within the systematic investment solutions group. His deep understanding of the ETF landscape, positions him as a key player in Goldman Sachs' push to enhance its active ETF capabilities.
Goldman Sachs’ Active ETF Ambitions
Goldman Sachs is increasingly focusing on the active ETF segment, which is anticipated to see significant growth. This trend follows the success of active ETFs in the US market, where investors have shown a growing preference for strategies that seek to beat traditional indices.
Currently, GSAM manages six ETFs based in Europe, and the firm has a strong pipeline of new products expected to launch within the next 12 months. The addition of Quiros to the team is expected to bolster GSAM’s efforts to capitalize on the burgeoning demand for active ETFs, particularly in the fixed income space.
Through this strategic hire, Goldman Sachs aims to solidify its position as a leader in the evolving ETF market, offering innovative solutions that cater to the growing appetite for active management and sustainable investing.
