Goldman Sachs Executive Chris Kojima Leaves for General Atlantic

Chris Kojima, a partner at Goldman Sachs Group Inc, has announced his resignation to accept a senior position at General Atlantic, as reported on Tuesday. The global co-head of Goldman’s client-solutions group is anticipated to join the firm in early 2024, according to anonymous sources. This information has not yet been made public.

Kojima’s tenure at Goldman Sachs dates back to 1995, during which he climbed the corporate ladder, becoming managing director in 2002 and making partner in 2008. His previous roles included serving as the global head of its Asian Network and being a board member of “Launch With GS,” an initiative aimed at enhancing capital access for diverse entrepreneurs and investors.

This departure is part of ongoing transformations within Goldman Sachs Asset and Wealth Management, a division established in 2019 through the consolidation of various private-market functions. After Kojima’s exit, Matt Gibson will step in as head of the client solutions group, reporting to Marc Nachmann, the global head of Goldman Sachs Asset and Wealth Management.

Sources familiar with the bank indicate that Kojima’s departure is amicable. In an internal memo, he expressed his enthusiasm for maintaining a relationship with Goldman Sachs as an alumnus, client, and advocate.

The news of Kojima’s departure coincided with a report from the Wall Street Journal, which noted that Goldman Sachs’ stock fell 3% amid a broader market selloff. Shares have dropped 10% in 2023, compared to a slight loss of 0.3% for the industry overall. According to recent data, Goldman Sachs’ market capitalization is approximately $107.2 billion.

This change is just one of many within Goldman Sachs’ senior leadership since the establishment of its Asset and Wealth Management division. Other recent executive changes include Laurence Stein’s retirement after a 27-year career with the firm and Julian C. Salisbury’s upcoming role at Sixth Street as co-chief investment officer in 2024.

Despite these high-profile exits, CEO David Solomon has stated that the turnover among partners remains consistent with historical rates. Goldman Sachs has a strong presence in the Capital Markets sector and has upheld dividend payments for 25 consecutive years. The company has also been actively buying back shares and has increased its dividend for 11 consecutive years.

This article was generated with the assistance of AI and reviewed by an editor.