Finance

Goldman Sachs asset management co-head Lane to step down

Eric Lane, the co-head of Goldman Sachs global asset management business, is stepping down six months after being appointed to the role.

Lane, a partner who has worked at Goldman Sachs for 25 years, was appointed co-head of the division in September 2020 to oversee it with Julian Salisbury.

In a note to staff on 1 March, Goldman Sachs chief executive David Solomon said Lane is retiring from GSAM, but will work with Salisbury over the coming weeks to “effect a smooth transition”.

The departure was first reported by Bloomberg.

Salisbury is expected to take over sole leadership of the asset management arm, which oversees close to $1.9tn of assets.

Lane is also a member of Goldman Sachs heavy hitting management committee. He was made partner in 2002.

Before taking on the co-head role, Lane was global co-head of the consumer and investment management division. Prior to that, he worked as chief operating officer of the investment management division, where he had oversight for the private wealth management, alternatives, capital markets and GSAM’s distribution businesses.

Lane’s departure comes after Sheila Patel, the London-based chair of GSAM, stepped down in January.

To contact the author of this story with feedback or news, email David Ricketts

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