Another executive is leaving Goldman Sachs Group Inc.’s asset-management unit as the business that handles the bank’s private-equity and other private-market activities continues to reshape itself. Chris Kojima, global co-head of the client solutions group, will depart Goldman Sachs Asset and Wealth Management, a unit of Goldman Sachs
GS,
-3.15%,
at the end of 2023, according to an internal memo seen by MarketWatch. He has been at the firm for 28 years.
“I’m looking forward to a long relationship with Goldman Sachs as an alumnus, client, and advocate,” Kojima said in the company’s memo. Kojima will remain as a “friend of the firm” as Goldman’s senior ranks continue to change after Goldman Sachs Asset and Wealth Management was formed in 2019 by combining various private-market functions at the bank into one, according to a source familiar with the bank. The amicable departure of Kojima described by the source suggests that his exit does not fit in with the executives that have been critical of Goldman Sachs Chief Executive David Solomon. Also read: Goldman Sachs CEO David Solomon says he doesn’t recognize ‘caricature’ that critics have painted of him Goldman Sachs stock fell 3% …
Article Attribution | Read More at Article Source