Goldman Sachs Seeks Volunteers for Move to West Palm Beach Digs

Goldman Sachs Group Inc.’s plan to move part of its asset-management unit to Florida is gaining momentum, as the Wall Street bank discreetly seeks volunteers for the first wave and prepares office space.

In recent weeks, executives overseeing Goldman Sachs Asset Management and its merchant banking operations have asked managers to identify people willing to be relocated to West Palm Beach, according to people familiar with the matter. The initial group could comprise a couple hundred people, including investment professionals.

Meanwhile, the firm has been in talks with developer Related Cos. to arrange offices and explore the possibility of ...