GLOBAL – Goldman Sachs Asset Management has shuffled its senior management, with European co-head Suzanne Donohoe returning to the US and Stephen Fitzgerald becoming Europe and Asia head.

According to an internal memo seen by IPE, Donohoe will become head of GSAM's North American client businesses. She’ll take up the role in April, after four and a half years in Europe.

She takes over from Kaysie Uniacke, who becomes head of the unit’s fiduciary business.

Fitzgerald, head of the IMD Asia arm, will become head of GSAM International, overseeing Asia and Europe. He’ll work alongside Ted Sotir, who remains co-head of GSAM Europe.

Fitzgerald will relocate to London from Hong Kong in the coming months. He previously spent eight years in London as CIO for global fixed income and currency.

“Kaysie, Suzanne and Stephen have been instrumental in shaping GSAM into the dynamic business it is today,” the memo says.

“Together, they have helped build GSAM into a truly global franchise, with approximately $500bn in assets under management from more than 2,500 clients across regions.”