Goldman’s Eric Lane Leaves for Tiger Global in Surprise Exit

  • Lane will be president and COO of Tiger Global Management
  • Departure comes a day after news of Omer Ismail’s exit
WATCH: Goldman Sachs Group Inc.’s Eric Lane, who leads the bank’s asset management division, is leaving the bank after 25 years.Source: Bloomberg)
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Eric Lane, the co-head of Goldman Sachs Group Inc.’s asset-management business, is quitting the firm to join Chase Coleman’s Tiger Global Management, just a day after news that a pair of senior consumer bankers are leaving the lender for a fintech startup.

Lane is departing less than six months after taking over Goldman’s newly expanded asset-management business along with Julian Salisbury, according to an internal memo seen by Bloomberg. The 25-year veteran of Goldman Sachs and a member of its most important decision-making body will join investment firm Tiger Global later this year as president and chief operating officer, according to a letter to investors Monday.