Goldman Sachs looking at Europe's wealthy

Pedro Gonçalves
Goldman Sachs looking at Europe's wealthy

Goldman Sachs is eyeing the fortunes of Europe's wealthy as the investment bank seeks to diversify its operations beyond the uncertain returns of equity and bond trading, Bloomberg reports. The Wall Street bank said it was studying acquisitions in the European wealth management industry to compete with major players such as UBS and Credit Suisse. Goldman Sachs currently only has a "single-digit" share of the sector,  its chief financial officer, Stephen Scherr, said in an interview wit the...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?