Goldman Sachs alumnus Sarsfield is set to assume the CEO position at asset manager P10.

In a significant move, Luke Sarsfield, a seasoned executive with over 23 years of experience at Goldman Sachs, has been appointed as the CEO of P10, Inc., a leading private markets solutions provider headquartered in Dallas, Texas. The appointment, effective immediately, comes at a time when P10 is expanding its business aggressively.

The change was precipitated by Goldman Sachs' reorganization last fall, which led to Sarsfield's departure and the merger of asset management with wealth management. Sarsfield held various leadership roles at Goldman Sachs, including co-head of its Americas healthcare group, global chief operating officer of the investment banking division, and global head of its financial institutions group.

Sarsfield managed roughly $2.5 trillion in assets during his tenure at Goldman Sachs. P10 is betting on Sarsfield's extensive knowledge of asset management and the financial sector to help in its next growth phase. P10 currently manages nearly $22.2 billion in fee-paying assets for investors.

P10's co-founders, Robert Alpert and Clark Webb, will remain on the board. Robert Alpert has been elected as the executive chairman, and Clark Webb will serve as executive vice chairman. They will guide Sarsfield in corporate matters, and Clark Webb will work with him on potential deals.

Luke Sarsfield joins P10 at a time of robust momentum in investment performance, fundraising, and overall expansion. P10 has actively pursued acquisitions to further expand its business. The company, with a market value of $1.1 billion, is based in Dallas.

Meanwhile, Goldman Sachs has experienced several executive departures this year, including its consumer-business chief, transaction banking chief, chief of staff, and Platform Solutions chief. Stephanie Cohen, the bank's Platform Solutions chief, has gone on leave. David Solomon, CEO of Goldman Sachs, appointed Marc Nachmann to lead the asset and wealth management segment.

Julian Salisbury, Sarsfield's co-head, exited to become co-CIO at Sixth Street. The departure of Sarsfield and Salisfield marked the merger of Goldman Sachs' asset management and wealth management divisions. The merger saw the asset management division merge with the wealth management division, leading to a restructuring of the bank's operations.

Goldman Sachs' chief operating officer for global mergers and acquisitions also left the bank to become CFO at Ally. The reorganization at Goldman Sachs, while significant, is part of the bank's ongoing efforts to streamline its operations and focus on its core business areas.

With Sarsfield at the helm, P10 is poised for further growth and expansion. The company's focus on private markets solutions and its aggressive acquisition strategy make it an exciting player in the financial sector. As Sarsfield settles into his new role, investors and industry watchers will be eager to see how he steers P10 through its next phase of growth.

Goldman Sachs alumnus Sarsfield is set to assume the CEO position at asset manager P10.