TPG has hired Jon Winkelried as co-chief executive. A former president and chief operating officer at Goldman Sachs, Winkelried joins the firm to work alongside Jim Coulter, co-founder and co-chief executive of the firm, which owns Cushman & Wakefield. Winkelried retired from Goldman Sachs in 2009, aged just 49.

He held a number of positions in the company, including head of the investment banking division, co-head of the fixed income, currency and commodities division, and the head of the leverage finance business. Co-founder David Bonderman will remain as chairman of TPG.