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Goldman names co-head of USD 1.7 trillion asset management unit

Goldman Sachs is promoting Luke Sarsfield to co-head of its asset-management business, putting an end to an anomaly atop one of its key units.

Photo: Andrew Kelly/REUTERS / X02844

Goldman Sachs Chief Executive Officer David Solomon is set to disclose the leadership change this week in a division that oversees USD 1.7tn in assets, according to people with knowledge of the matter. 

Luke Sarsfield's promotion elevates him alongside Julian Salisbury, who had sole charge over the business for much of last year. That was an oddity at Goldman Sachs, which typically tasks at least two executives with running key money-making operations.

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