Key Takeaways
- • Eric Lane, co-head of Goldman Sachs' asset management division, is departing after 25+ years to join Tiger Global Management as partner, president, and chief operating officer—a newly created role at the hedge fund.
- • Lane takes over the COO position from Anil Crasto, who announced his retirement late last year and will remain at Tiger Global to facilitate the transition.
- • Lane oversaw the integration of Goldman's merchant banking and asset management businesses, managing direct relationships with institutional clients including sovereign wealth funds, pension funds, and insurance companies.
- • The departure represents a significant talent acquisition for Tiger Global's leadership team, led by Chase Coleman and Scott Shleifer, strengthening operational and strategic capabilities at the $60+ billion hedge fund.
- • A transition period led jointly by Lane and Goldman's Julian Salisbury will ensure continuity in the asset management division's client relationships and operational functions.
Summary
Eric Lane, the global co-head of Goldman Sachs' asset management division, is leaving the Wall Street institution after more than 25 years to assume the role of partner, president, and chief operating officer at Tiger Global Management. The appointment represents a newly created executive position at Tiger Global and signals the hedge fund's continued focus on strengthening its operational infrastructure and leadership depth.
Lane's departure was confirmed through a memo reviewed by Reuters and detailed in correspondence to Tiger Global investors from firm executives Chase Coleman and Scott Shleifer. At Goldman, Lane held significant responsibility for the asset management business, where he collaborated with Julian Salisbury to oversee the combination of the bank's merchant banking and asset management operations. The two executives maintained direct relationships with major institutional investors including sovereign wealth funds, public and private pension funds, and insurance companies.
Beyond his asset management responsibilities, Lane served as co-head of Goldman's consumer and investment management division, where he played a central role in expanding the bank's retail customer services and broadening its appeal to individual investors. His tenure at Goldman spanned operational leadership, client relationship management, and business integration—expertise particularly valuable to Tiger Global as the hedge fund seeks to enhance its operational and strategic capabilities.
Lane assumes the COO position vacated by Anil Crasto, who indicated his intention to retire in 2021 after roughly a decade with Tiger Global. Crasto previously held dual roles as COO and chief financial officer; he will remain at Tiger Global during the transition to support Lane's onboarding. A transition period at Goldman will see Lane work alongside Julian Salisbury to ensure continuity in the asset management division's client service delivery and operational effectiveness.
Lane's departure was confirmed through a memo reviewed by Reuters and detailed in correspondence to Tiger Global investors from firm executives Chase Coleman and Scott Shleifer. At Goldman, Lane held significant responsibility for the asset management business, where he collaborated with Julian Salisbury to oversee the combination of the bank's merchant banking and asset management operations. The two executives maintained direct relationships with major institutional investors including sovereign wealth funds, public and private pension funds, and insurance companies.
Beyond his asset management responsibilities, Lane served as co-head of Goldman's consumer and investment management division, where he played a central role in expanding the bank's retail customer services and broadening its appeal to individual investors. His tenure at Goldman spanned operational leadership, client relationship management, and business integration—expertise particularly valuable to Tiger Global as the hedge fund seeks to enhance its operational and strategic capabilities.
Lane assumes the COO position vacated by Anil Crasto, who indicated his intention to retire in 2021 after roughly a decade with Tiger Global. Crasto previously held dual roles as COO and chief financial officer; he will remain at Tiger Global during the transition to support Lane's onboarding. A transition period at Goldman will see Lane work alongside Julian Salisbury to ensure continuity in the asset management division's client service delivery and operational effectiveness.
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