Lord Jim O’Neill is an internationally published economist, and until 2013 was Chairman of Goldman Sachs Asset Management, having previously been the organisation’s Head of Economic Research. He joined Goldman Sachs in 1995, after 13 years working in the City of London for the Swiss Bank Corporation, the Marine Midland Bank, and Bank of America.
Jim is particularly well-known for his work in relation to developing economies, having been one of the earliest (and most prominent) economic commentators to identify the enormous potential for growth by middle income countries during the first half of the 21st century.In 2001, Jim published his influential Building Better Global BRICs research paper, which was credited with coining the BRIC (Brazil, Russia, India, China) acronym, and foresaw the radical shift in global economic power away from the established western economies towards these rapidly-expanding economies. Since then, Jim’s work has shone a light on the development of the next wave of emerging economies, including the ‘MINTs’ – Mexico, Indonesia, Nigeria and Turkey.
As of January 2014, he is an Honorary Professor of Economics at the University of Manchester. He was appointed Commercial Secretary to the Treasury in the Second Cameron Ministry, a position he held until his resignation on 23 September 2016.