Goldman Sachs plans to add about half a dozen senior bankers over the next six months or so and invest more in Asia. Alicia Powell reports.
Goldman Sachs is planning to hire about half a dozen senior bankers over the next six months and invest more in Asia. The company has already brought in about 25 people in Japan, Australia, and other countries in the region. It's now adding more senior staff in China. Goldman intents to beef up coverage of companies, including unlisted ones, debt financing, equity issuance, and merger and acquisitions advice. The expansion comes after years of squeezing costs and amidst a weak performance in bank's core bond-trading unit. Goldman is also gearing up for an expected rollback of bank regulations under the administration of U.S. President Donald Trump.