Goldman Sachs to Hire in Wealth, Asset Management, Gnodde Says

Goldman Sachs Group Inc. is looking to make fresh hires in its asset and wealth management units as it continues to expand the businesses, according to the bank’s international chief.

“Our asset, wealth management business, broadly defined, is a huge focus for us, and so that will receive significant attention,” Richard Gnodde said in an interview with Bloomberg Television from the World Economic Forum in Davos.

WATCH: Gnodde says Goldman Sachs’s wealth and asset management businesses “will receive significant attention.”

Source: Bloomberg

Growth in these units helped boost the bank’s recent fourth-quarter earnings, with revenue from the divisions climbing 23% and topping estimates. Management fees contributed the biggest chunk as the bank highlighted what ...