Goldman Sachs to form new alternative capital market group



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Goldman Sachs to form new alternative capital market group

On Monday, the 16th of December 2019, the NY-based leading US lender, Goldman Sachs Group Inc. centring its focuses on securities’ and asset management, prime brokerage alongside securities underwritings for mergers and acquisitions, had issued a statement saying that the American multinational investment bank would be morphosizing a new financial entity under its merchant banking division, named as the alternatives capital markets and strategy group, as the leading US lender with an annual turnover of $3.66 billion as of December 31st, 2018, had been stepping up efforts in a bid to heighten up revenues from its alternative investment businesses.

Aside from that, the New York City-based Goldman Sachs Group Inc. had also added in its Monday’s (December 15th) statement that its planned alternative asset management entity would be led by a Chris Kojima and a Michael Koester, while the Goldman Sachs’ slated alternative asset management wing would be dedicated to craft its clients’ strategical dogmas over potential alternative asset investments, a Goldman Sachs Group Inc.’s staff memo seen by a press agency reporter had revealed on Monday (December 15th).

Besides, the staff memo regarding the NY-based lender’s new financial entity, signed by Goldman Sachs Chief Executive David Solomon, Chief Financial Officer Stephen Scherr and President John Waldron, seen by a press agency reporter on Monday (December 15th) as beforementioned, was quoted saying, “This group will lead the coordination and expansion of our client engagements in alternatives, across both direct investing strategies and open-architecture strategies. ”