The asset and wealth management unit of Goldman Sachs will look to expand headcount in Asia, which it calls a key growth market.
Goldman Sachs plans to hire «steadily» in Asia with Singapore, Australia and Hong Kong named as key markets in the region. Dubai, which is home to the second-largest Indian diaspora after the US, was also named as a key market.
«Asia will continue to be a very big opportunity for us,» said Goldman's global head of asset and wealth management Marc Nachmann in an interview with «Straits Times».
Singapore Growth
According to Nachmann, Singapore’s headcount is now 30 percent larger than three years ago and the bank is seeing a growing number of family offices opening up in the city-state.
As of end-2023, Goldman Sachs Private Wealth Management was the 8th largest private bank in the region with $100 billion in assets under management, according to finews.asia’s 2023 Private Banking AUM League Table, up 11.1 percent year-on-year.
