Newsletter summary
Goldman Sachs plans to hire more staff in Asia to meet the needs of family offices and the super-richHomearcadedealsThe key markets are Singapore, Australia and Hong Kong, China. The number of asset and wealth management staff in Singapore is 30 per cent higher than it was three years ago.
Text of news flash
[Goldman Sachs hires more staff in Asia to meet family office needs] Marc Nachmann, head of global asset and wealth management at Goldman Sachs, told Singapore's Straits Times on April 25 that the group plans to expand its staff in Asia to meet the growing needs of family offices and the super-rich in the region. Nachmann stressed that the Asian market is still a huge business opportunity for Goldman Sachs. Among them, Singapore, Australia and Hong Kong, China are seen as major wealth markets for Goldman Sachs. In response, Goldman Sachs expects Singapore to usher in a large number of family offices. In order to better grasp the market opportunities, the Group will steadily expand its team in Asia. In addition, Nachmann notes that Goldman now has 30 per cent more asset and wealth management staff in Singapore than it did three years ago, underscoring the bank's commitment and momentum in this area.
