Goldman Sachs continues to beef up its global asset management business by going on another hiring spree. Now it’s looking to hire an additional 200 staff across all regions in an attempt to achieve a dominant position as one of the world’s leading asset managers, according to a story in the Financial Times.
The strategy is in sharp contrast to some of its rivals, including Credit Suisse and Barclays, who have trimmed their asset management divisions due to decreases in assets and revenues.
Goldman’s asset management division began hiring again in mid-summer. Net revenues for the division were approximately $922 million, or roughly 6.5 percent of total revenues for the firm. Overall, Goldman has $820 billion in assets under management.