Goldman Leans on Dealmakers for Wealth-Management Ambitions
- Bank seeks $5 billion in new revenue over the next three years
- The firm now has a mere 2% of the ultra-high net worth market
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The best time to get hired to manage a billionaire’s money is while your firm is helping to create that fortune.
That’s the thinking behind Goldman Sachs Group Inc.’s push to have its dealmakers help the bank’s wealth managers land new clients. The aim is to leverage the company’s dominance advising on acquisitions and equity offerings to narrow the gap with larger rivals in catering to the world’s richest.