Wall Street giant Goldman Sachs has named Monali Vora as its head of wealth investment solutions for asset management, according to an internal memo seen by Reuters on Friday.

Vora is a 23-year Goldman veteran who joined as an analyst within the quantitative investment team.

The unit Vora will head caters to affluent clients who fall under the ultra-high net worth and high-net worth categories, with personalized investment portfolios across both stocks and bonds.

"(She) has spent her entire career at the firm as a quantitative investor, ultimately building the Quantitative Equity Solutions business which she leads today," the memo said.

Vora was named managing director in 2012 and partner in 2020.

(Reporting by Manya Saini in Bengaluru and Saeed Azhar in New York)