Goldman's co-head of prime brokerage joins hedge fund

Emmanuel 'Manny' Roman is to join UK-based multi-strategy hedge fund GLG Partners from Goldman Sachs. The move follows a number of defections by senior employees at the bank.

Roman will start at the firm in the third quarter of this year as a partner. He will join two former Goldman Sachs veterans: Noam Gottesman, founding partner and chief executive of GLG Partners, and Pierre Lagrange, also a partner at the fund. GLG has $13.5 billion of assets under management.

“Manny will bring a wealth of relevant expertise and skill to the future development of our business…and will help us grow our business further,” said Gottesman.

Roman was previously global co-head of the prime brokerage division and European equities group at Goldman Sachs. Prior to this, he was co-head of worldwide equity derivatives and has also held positions in fixed income, investment banking and capital markets.

Roman’s responsibilities at Goldman Sachs will be handled by the remaining co-heads in both divisions and there are no immediate plans to replace him, said a spokeswoman at Goldman Sachs. Mitch Lierberman and Ravi Singh, both based in New York, will continue in their roles as co-heads of the prime brokerage division, and Pablo Salame and Phillip Hylander will remain as co-heads of the European equities group.

Other recent departures from the bank include Diego Parilla in the commodities division, who left for Merrill Lynch; Arnaud Apffell, former head of structured equity solutions, who joined Lehman Brothers; and Alvise Munari, Goldman Sachs’ former European head of equity and interest rate structuring, who left to join Merrill Lynch.