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Goldman appoints Sarsfield to co-run asset management unit - Bloomberg News

Published 01/23/2022, 09:21 PM
Updated 01/23/2022, 10:10 PM
© Reuters. FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly

(Reuters) -Goldman Sachs Group Inc has appointed Luke Sarsfield to co-head its $1.7 trillion asset-management business, Bloomberg News reported on Sunday.

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 declined to comment.

The asset-management arm of the bank provides investment and advisory services for some of the world's leading pension plans, sovereign wealth funds, insurance companies among others.

© Reuters. FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly

The unit was solely managed by Julian Salisbury for much of last year after the then co-head Eric Lane decided to leave for investment firm Tiger Global Management in March.

Sarsfield, who has been with the premier investment bank for more than 22 years, currently co-heads the client business of the asset management arm.

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