GS Sustain co-head Howard said to be planning next move after departure

Goldman’s sustainability research lead passes to Richard Manley in Hong Kong

Andrew Howard, the former co-head of Goldman Sachs’ GS Sustain broker research arm is understood to be planning to start an independent, long-term research boutique after recently leaving the US bank. Howard, who was based in London for Goldman, could not be reached for comment. RI spoke with market contacts familiar with his plans. They said Howard had been talking with interested parties about the potential for a small research firm that would drill down on long-term financial research based around corporate sustainability themes. Howard has been on gardening leave after resigning from Goldman in March on amicable terms. A spokesperson for Goldman Sachs declined to comment on Howard’s departure. RI understands that Richard Manley, an experienced research head and a Managing Director based out of Goldman Sachs’ Hong Kong office, who until March had shared the lead role on GS Sustain with Howard, will now head GS Sustain’s research globally.Howard’s departure means that the centre of gravity for GS Sustain, which consists of about 20 staff including juniors, has tilted a little towards Asia under Manley, although this is not believed to have any impact on its global research coverage.
GS Sustain continues to recruit. Goldman Sachs confirmed to RI that Warwick Simons had joined the unit last month, based out of Hong Kong and with the title of Executive Director. Simons was a former Research Director, Investment Strategy at GaveKal Research, the Hong Kong based independent research house.
Nick Hartley, a Global Equities Research Analyst, remains in London working for GS Sustain with one support graduate. Derek Bingham, based out of San Francisco, is researcher for the Americas with some support out of New York after Marc Fox, New York-based Executive Director at Goldman Sachs’ GS Sustain team, left the firm in June last year to join CDP.