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Goldman Picks Sarsfield to Co-Run $1.7 Trillion Asset Management Unit

  • Solomon set to end sole-head structure atop key unit
  • Sarsfield spent two decades as a Goldman Sachs dealmaker
Updated on

Goldman Sachs Group Inc. is promoting Luke Sarsfield to co-head of its asset-management business, part of a raft of changes atop the $1.7 trillion unit.

Chief Executive Officer David Solomon is set to unveil a series of leadership changes in asset management, according to people with knowledge of the matter. The moves represent the broadest shakeup in the unit since the New York-based firm fused its investment-management arm with its merchant bank into a combined operation in 2020.