Goldman Sachs Asset Management has lost another senior-level executive.
Chris Kojima, partner and global co-head of the client solutions group at GSAM, will depart the firm at the end of the year, a spokesperson confirmed Oct. 3.
Kojima's departure is the latest in a string of partners who have left in the past year, including COO Laurence Stein, who is retiring at the end of the year; CIO Julian Salisbury, who departed for a similar role at Sixth Street Partners; former co-head of asset management Luke Sarsfield, who left after less than a year in that position; Takashi Murata, the former head of Asia real estate who left for a similar position at Warburg Pincus, and Katie Koch, former CIO of public equity who left for the top job at TCW Group.
Marc Nachmann, the firm's global head of asset and wealth management, credited Kojima with founding and leading businesses within the firm that are "incredibly important to Goldman Sachs," in a statement provided to Pensions & Investments.
"His track record of commercial growth, strategic innovation, and people leadership has made a long-lasting impact on our asset management franchise," Nachmann said.
Of the 11 partners named in a 2022 memo announcing the overhaul of Goldman Sachs' asset management division, the Wall Street Journal reported that eight have left or announced their intention to leave.
Retention issues at GSAM mirror those in the wider firm. Since divisive current CEO David Solomon took the reins five years ago, many partners have left the firm — some reports put the number at more than 200.
After Kojima departs, his current co-head of the client solutions group, Matt Gibson, will continue to lead the team. Gibson, who made partner in 2010, has been with Goldman Sachs since 2001.
In the statement, Kojima called his 28-year career at Goldman Sachs "amazing" and said he was looking forward to "a long relationship with Goldman Sachs as an alumnus, client and advocate."
Though a spokesperson for Goldman Sachs declined to comment on where Kojima would be going after his departure, Bloomberg reported that he would be taking a senior position at New York-based growth equity firm General Atlantic, citing people familiar with the matter.
Goldman Sachs Asset Management reported $1.82 trillion in assets under supervision as of June 30.
