Alts. Sales Exec. Promoted At Goldman

Dec 5 2011 | 10:24am ET

A top Goldman Sachs hedge fund executive has been named co-head of its investment management division.

Eric Lane succeeds Edward Forst, who Goldman said on Friday would retire. Forst, a confidant of Goldman CEO Lloyd Blankfein, will leave the firm at the end of the year after four years at the helm of investment management—with a one-year break from 2008 until 2009 when he was Harvard University's first executive vice president.

Forst reportedly missed an important meeting with a major client in Europe several weeks ago and colleagues were unable to contact him for several hours.

Lane, who will serve as co-head of investment management with Timothy O'Neill, has been the division's chief operating officer since 2009. He has overseen the group's alternative investments, private wealth management, capital markets and Goldman Sachs Asset Management distribution businesses, including its private equity and hedge fund sales effort.

Lane has been with Goldman Sachs since 1996.

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