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.)
Price: 604.52, Change: -7.78, Percent Change: -1.27
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.