Goldman Sachs AM CIO Julian Salisbury departs after 25 years

investmentweek.co.uk:

Goldman Sachs’ asset and wealth management businesses were combined in October in a move that sought to diversify the firm’s business away from investment banking and trading.

On Friday (28 July), Salisbury announced on a LinkedIn post that he would be joining Sixth Street as a partner and co-chief investment officer alongside former colleagues Alan Waxman and Joshua Easterly.

«After 25 years at Goldman Sachs, it was announced today that I will be leaving the firm to embark on a new and exciting adventure,» he wrote. 

«While the decision to leave Goldman Sachs was a difficult one, I could not be more excited for what we are going to accomplish at Sixth Street and I am looking forward to getting started in 2024.»

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In a memo to staff on Friday, Goldman Sachs CEO David Solomon thanked Salisbury for his «contributions to Goldman Sachs, our clients, and our people». 

He also cited his multiple leadership roles, including his former position as global co-head of Goldman Sachs Asset Management before a major reorganisation last year saw him relegated to CIO of a new unit led by Marc Nachmann.

Goldman Sachs' asset and wealth management businesses were combined in October in a move that sought to diversify the firm's business away from investment banking and trading. 

Goldman Sachs has been contacted for comment. 

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