Julian Salisbury, CIO of the asset and wealth management division at Goldman Sachs, is leaving the Wall Street behemoth to join the $65 billion investment firm Sixth Street as a partner and co-CIO.

Salisbury, a 25-year veteran of Goldman Sachs, will work alongside CEO Alan Waxman and co-president Joshua Easterly. He is expected to start in early 2024 and will also be a member of the executive committee.

While at Goldman Sachs, Salisbury was responsible for $2.7 trillion in assets, including more than $450 billion in alternative investments. He was previously co-head of Goldman Sachs Asset Management and global head of the Merchant Banking Division.

He became part of the management committee in 2017 and also co-chaired the investment committees at Goldman across all direct private strategies including growth, real estate, private credit, private equity and infrastructure.

“While leaving Goldman Sachs was a difficult decision, this was a unique opportunity to reunite with a group of people for whom I have deep, longstanding respect,” said Salisbury.

Prior to forming Sixth Street in 2009, many of the firm’s co-founding partners worked closely with Salisbury at Goldman Sachs focusing on growth investing, alternative energy, real estate, direct lending and public markets strategies.

Salisbury’s departure is the most recent in a string of leadership changes at GSAM. Samuel Finkelstein stepped down as global head and CIO of fixed income and liquidity solutions in February and was replaced by two deputies. Greg Calnon, global head of multi-asset solutions, and Ashish Shah were named co-heads of the $2.4 trillion public investment division in May.