Goldman Sachs Asset Management May Exit Australia Equities Business
Goldman Sachs Asset Management is considering the sale of its Australian equities and fixed income businesses. Goldman’s Australian fund management business overseas about A$9 billion. If it goes ahead with a sale, Goldman will be following in the footsteps of Swiss bank UBS which offloaded its private bank in Australia last year after a review of its underperforming businesses.
“Goldman will be following in the footsteps of Swiss bank UBS which offloaded its private bank in Australia last year after a review of its underperforming businesses.”
It also would not be the first sale of this kind for Goldman Sachs in Asia. Last year, it sold its Indian fund management unit for $37.5 million.
About Goldman Sachs Asset Management
Our investment solutions include fixed income, money markets, public equity, commodities, hedge funds, private equity, and real estate. Our clients access these solutions through our proprietary strategies, strategic partnerships, and our open-architecture programs. Our investment teams represent over 800 investment professionals, capitalizing on the market insights, risk management expertise, and technology of Goldman Sachs. We help our clients navigate today’s dynamic markets, and identify the opportunities that shape their portfolios and long-term investment goals. We extend these global capabilities to the world’s leading pension plans, sovereign wealth funds, central banks, insurance companies, financial institutions, endowments, foundations, individuals and family offices, for which we invest or advise more than $1 trillion of assets.
The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals. Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.
Get The Wealth Insider Daily
- For Press Release, please contact firstname.lastname@example.org
- For Media-related enquiries, please contact email@example.com
- For Advertisement, please contact our official ad agency