Goldman Bets on European Revival to Drive Growth Outside the US

A pair of senior Goldman Sachs Group Inc. executives are betting that Europe’s long-awaited revival in infrastructure spending and dealmaking will help power regional growth at the Wall Street bank.

As economies like Germany and France deploy billions to bolster defense capabilities and modernize infrastructure, Anthony Gutman and Kunal Shah are hunting for ways to pick up market share. Alongside a surge in financing needed to facilitate that spending, the duo expect a pick-up in mergers and initial public offerings.

Gutman, a dealmaker behind some of Britain’s top transactions, and Shah, a trader who became one of the youngest partners ever ...