Goldman Sachs Group (GS) plans to open more offices and expand headcount in the Middle East, Bloomberg reported Tuesday, citing Marc Nachmann, the bank's global head of asset and wealth management.
Speaking at the Qatar Economic Forum in Doha, Nachmann said the firm expects to pursue additional opportunities with sovereign wealth funds, which he described as offering "attractive risk/return opportunities."
He also pointed to a strong pipeline of initial public offerings in the region, creating "more opportunities for international investors to make money from the region," according to the news outlet.
Goldman Sachs did not immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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