Goldman Sachs readies hiring spree in China

Goldman Sachs plans to double its workforce in China in the next five years, increasing its headcount on the mainland to as many as 600 people, as Beijing continues opening up its financial markets. The expansion ambition is part of a five-year plan, according to Bloomberg, engineered by senior management in New York. The expansion would be contingent on Goldman receiving majority control and eventually full ownership of its security brokerage joint venture on the mainland, as well as Beijing continuing to further open up its financial markets, said the person, who was not authorised to ...