Goldman's Marc Spilker leaving

Goldman Sachs Group investment management co-head Marc Spilker is leaving the firm after two decades and will be replaced by a predecessor. Spilker's exit is the latest of a series of changes atop investment management, which accounts for less than 10 per cent of the firm's revenue. Spilker and Tim O'Neill were elevated to help run it in June 2008, when Forst, 49, left to oversee finances at Harvard, his alma mater, after less than a year at the division.

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