Stock Groups

Goldman appoints Sarsfield to co-run asset management unit

by Mike Robinson

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© Reuters. FILE PHOTO – The Goldman Sachs logo can be seen in New York City on the New York Stock Exchange’s trading floor. This is New York City (NYSX) November 17, 2021. REUTERS/Andrew Kelly

Bloomberg News reports that Goldman Sachs Group Inc appointed Luke Sarsfield as co-head of its asset-management company, which is worth $1.7 trillion.

Goldman Chief Executive Officer David Solomon will likely announce Sarsfield’s promotion this week, the Bloomberg report https://bloom.bg/3nQSOrV said, citing sources.

Goldman refused to comment.

Asset-management is the arm of the bank that provides advisory and investment services to some of the most prestigious pension plans around the globe, including sovereign wealth funds, insurance companies, and other financial institutions.

After Eric Lane, the former co-head of the unit, left for Tiger Global Management in March to become an investor, Julian Salisbury managed it for most of 2013.

Sarsfield is a veteran of the top investment bank and has served as co-head for the asset management unit’s client business.

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