Market Chatter: Goldman Sachs, 3 Other Firms Plan to Open Offices in Kuwait

MT Newswires Live
Oct 01

Goldman Sachs Group (GS), Carlyle Group (CG), State Street (STT) and Franklin Resources' (BEN) Franklin Templeton are looking to open offices in Kuwait, which they already count as a client, Bloomberg reported Wednesday, citing people familiar with the matter.

Goldman Sachs recently chose Mohammad Almatrouk, who previously served as a managing director at the Middle Eastern country's public pension fund, to head its local office, the report said, citing unnamed sources.

Goldman, Carlyle, State Street and Franklin Templeton didn't immediately respond to requests 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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