Office address: 200 West Street, New York, NY 10282
Website: goldmansachs.com
Year established: 1869
Company type: financial services
Employees: 46,000+
Expertise: investment banking, asset management, wealth management, capital markets, M&A advisory, equities trading, fixed income, private equity, digital banking, transaction banking
Parent company: N/A
Key people: David Solomon (CEO), John Waldron (COO), Denis Coleman (CFO), John F.W. Rogers (EVP), Alex Golten (chief risk officer), Carey Halio (global treasurer), Sheara Fredman (chief accounting officer)
Financing status: corporation
Goldman Sachs is a global financial services firm based in New York. The company offers investment banking, asset management, wealth management, and digital banking, managing over $2 trillion in assets. With more than 46,000 employees, it is known for its top-rated expertise and strong client relationships.
Goldman Sachs traces its story back to 1869, when Marcus Goldman set up a small office in Lower Manhattan. He offered local merchants a new way to get credit by buying their promissory notes, which helped shape the commercial paper business.
By the late 1800s, the firm had become Goldman, Sachs & Co. It also joined the NYSE in 1896 and gained a reputation for financial innovation.
Over the twentieth century, Goldman Sachs expanded across the US and into Europe, building a strong investment banking business. The firm introduced the price-to-earnings ratio as a new way to value companies, which became an industry standard. In the 1930s, Sidney Weinberg led the firm through the Great Depression and helped it become a top player in underwriting and trading.
The firm kept growing by opening offices in London, Tokyo, and Zurich in the 1970s while also acquiring J. Aron & Company in 1981. In 1999, Goldman Sachs became a public company, trading on the NYSE under the ticker GS.
The 2000s brought new challenges, but the firm stayed strong. It moved into new headquarters at 200 West Street and launched major initiatives like 10,000 Women and 10,000 Small Businesses.
In recent years, the company has focused on technology and consumer banking, launching Marcus and partnering with Apple for the Apple Card. The firm has also committed to sustainability and diversity, with major investments in climate and inclusive growth.
In 2024, Goldman Sachs announced a $1 billion stake in T. Rowe Price, a leading asset management firm. The firm aimed to create new investment options for retirement clients and financial advisors through the partnership.
Goldman Sachs offers a wide range of financial products designed for institutional, corporate, and individual clients. Its solutions include:
These offerings are supported by advanced technology, global resources, and a strong focus on client service. Goldman Sachs also invests in sustainable finance and digital innovation to supplement its core products.
Goldman Sachs states that its culture is driven by teamwork and a focus on collective achievement. The company reports that collaboration and a sense of belonging are central to its approach. Its values are:
According to the company, employees have access to coaching, mentorship, and a range of benefits:
Goldman Sachs also welcomes over 2,600 new analysts and associates to more than 60 offices each summer. Students participate in programs and events that offer real-world business exposure and networking opportunities.
David Solomon is the chairperson and CEO of Goldman Sachs and chairs the board of directors. Before this, Solomon was president and COO, and earlier led investment banking and financing groups. He also chairs Hamilton College’s board and serves on boards for the Robin Hood Foundation, NewYork-Presbyterian Hospital, and the Paley Center for Media.
The executive team at Goldman Sachs leads the firm’s strategy and daily operations:
Goldman Sachs’s leadership team focuses on strong performance and responsible management for clients, shareholders, and employees.
Goldman Sachs released a report showing family offices are investing heavily in men’s sports, with far less interest in women’s leagues. It found that family offices are about four times more likely to invest in men’s sports than in women’s. By tracking these trends and advising on large deals, the firm helps clients find new opportunities in the growing sports investment market.
Goldman Sachs Asset Management also released a study showing that alternative investments grow more popular as wealth increases, especially among millennials. The report shows 91 percent of $20 million households use alternatives, and millennials allocate 20 percent to them. The company continues to share these findings to guide clients and advisors on market trends and private investment opportunities.
Highbridge Capital Management has hired former Goldman Sachs investment banking co-head Scott Kapnick top launch a new private equity business.
Gov. Eliot Spitzer has created a commission to help New York City hold onto and expand its status as a world financial capital.
Global Alpha, Goldman Sachs’ flagship hedge fund, fell 3.4% during the first four months of this year.
JPMorgan Asset Management is now the world’s largest hedge fund managers, according to Alpha Magazine’s 2007 list of “The Hedge Fund 100.”
John C. Whitehead said he is outraged by the excessive compensation given to Wall Street top execs.
Like Southern California itself, the Los Angeles wealth management market is vibrant, sprawling, lucrative, growing and fragmented.
MetLife Inc., the largest U.S. life insurer by assets, is reaping the benefits from its growing international business.
Many top executives at large financial services companies saw a big jump in pay last year.
NEW YORK — Insurers are launching marketing blitzes to win the investible assets of the wealthy, but many will fail because they don’t understand how rich people think, some consultants say.
Goldman Sachs Asset Management has introductioned two new fund-of-funds, the Goldman Sachs Income Strategies Portfolio (GXIAX) and the Goldman Sachs Satellite Strategies Portfolio (GXSAX), both of which will be managed by its by GSAM's Quantitative Strategies Group.
Helping Wall Street firms to look more like the American public they serve is the idea behind a new internship program designed for students who attend historically black colleges and universities.
The money made last year by top hedge fund managers is putting traditional Wall Street pay packages to shame, according to a report in Alpha magazine.
The structured-products industry is taking its message directly to consumers with coordinated marketing and educational efforts designed to demystify the often-complex, intermediary-sold alternative investments.
The profile of “green’’ investors has changed. They aren’t just mature demonstrators of the 1960s with extra cash in their accounts.
NEW YORK — National Financial Partners Corp. will continue to pour money into acquisitions this year. At a recent conference for analysts and investors, company officials disclosed that they have earmarked $20 million to spend on acquisitions this year, a $5 million increase over 2006’s allocation.
