Goldman Sachs reportedly adds second exec to lead asset management unit

Dow Jones2022-01-25

MW Goldman Sachs reportedly adds second exec to lead asset management unit

Goldman Sachs Group Inc. $(GS)$ has named Luke Sarsfield as global co-head of the bank's $2.47 trillion asset-management unit, Reuters and Bloomberg reported Monday, citing an internal memo. Julian Salisbury had been sole head of the unit since March after Eric Lane left the bank and joined Tiger Global Management last year. The asset management unit includes Goldman's merchant banking and asset management businesses for institutional clients. It houses the bank's sizeable private equity business and is one of four major units at the firm including investment banking, trading, and consumer banking. Goldman Sachs shares are down 10% so far in 2022, compared to a 7.5% drop by the S&P 500.

-Steve Gelsi

$(END)$ Dow Jones Newswires

January 25, 2022 09:20 ET (14:20 GMT)

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