Goldman Asset, Wealth Exec Exits After Changes Roil Key Unit
Goldman carved out a CIO job for Salisbury in its asset- and wealth-management business. At the time, top Goldman leaders said Salisbury’s new post was created to highlight the importance of the business and not an effort to sideline the executive, though the move was seen by some as a demotion.
Among other reversals, Goldman has been dismantling its consumer business this year after initially tapping Stephanie Cohen, a fast-rising executive, to spearhead that initiative. Cohen has taken a leave from the bank as it tries to trim down the unit it had created for her to run in October.
Salisbury joins several former Goldman partners who have moved to Sixth Street in recent years, including Martin Chavez, a vice chairman who was previously Goldman’s chief financial officer.
Salisbury, who has more than 25 years of experience in the industry, will start at the investment firm early next year, Sixth Street said in a statement Friday.
“We first got to know each other in 2002 while working on an investment in a Swiss cable company, and since then my partners and I have cheered Julian on as he has become one of the industry’s best investors and business leaders,” Sixth Street Chief Executive Officer Alan Waxman said in the statement.
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