Jim O'Neill (economist)
Encyclopedia
Jim O'Neill is presently the Chairman of Goldman Sachs Asset Management. He was previously head of global economic research and commodities and strategy research at Goldman Sachs
. He is best known for his prominent economic thesis regarding the economically related nations referred to as BRIC
s (Brazil
, Russia
, India
and China
). He coined the phrase in a 2001 paper entitled "The World Needs Better Economic BRICs." . He also has coined the term MIKT
that stands for Mexico, Indonesia, Korea (South) and Turkey.
O'Neill has particular interest and success in the foreign exchange market
, Gavyn Davies
describing O'Neill as "the top foreign-exchange economist anywhere in the world in the past decade" in 2005.
O'Neill sits on the QFINANCE Strategic Advisory Board. He is also a member of the board of Bruegel, the European think tank for international economics
and is a lifelong fan of Manchester United F.C.
and served as a non-executive director from 2004-05, before the club was returned to private ownership.
On 2 March 2010, the Red Knights, a group of wealthy Manchester United fans, believed to include O'Neill, confirmed interest in a possible takeover of the club.
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
. He is best known for his prominent economic thesis regarding the economically related nations referred to as BRIC
BRIC
In economics, BRIC is a grouping acronym that refers to the countries of Brazil, Russia, India and China, which are all deemed to be at a similar stage of newly advanced economic development...
s (Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
, Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
and China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
). He coined the phrase in a 2001 paper entitled "The World Needs Better Economic BRICs." . He also has coined the term MIKT
MIKT
Coined by Jim O'Neil of Goldman Sachs, MIKT stands for Mexico, Indonesia, Korea , and Turkey. O'Neil is also the creator of the term BRIC....
that stands for Mexico, Indonesia, Korea (South) and Turkey.
O'Neill has particular interest and success in the foreign exchange market
Foreign exchange market
The foreign exchange market is a global, worldwide decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends...
, Gavyn Davies
Gavyn Davies
Gavyn Davies, OBE was the chairman of the BBC from 2001 until 2004, a former Goldman Sachs banker and a former economic advisor to the British Government...
describing O'Neill as "the top foreign-exchange economist anywhere in the world in the past decade" in 2005.
O'Neill sits on the QFINANCE Strategic Advisory Board. He is also a member of the board of Bruegel, the European think tank for international economics
Personal life
O'Neill is a native of ManchesterManchester
Manchester is a city and metropolitan borough in Greater Manchester, England. According to the Office for National Statistics, the 2010 mid-year population estimate for Manchester was 498,800. Manchester lies within one of the UK's largest metropolitan areas, the metropolitan county of Greater...
and is a lifelong fan of Manchester United F.C.
Manchester United F.C.
Manchester United Football Club is an English professional football club, based in Old Trafford, Greater Manchester, that plays in the Premier League. Founded as Newton Heath LYR Football Club in 1878, the club changed its name to Manchester United in 1902 and moved to Old Trafford in 1910.The 1958...
and served as a non-executive director from 2004-05, before the club was returned to private ownership.
On 2 March 2010, the Red Knights, a group of wealthy Manchester United fans, believed to include O'Neill, confirmed interest in a possible takeover of the club.