Goldman Sachs: to reorganize into four new segments
(CercleFinance.com) - In a bid to better reflect how the company is now managed, Goldman Sachs will reorganize its operations into four new segments.
As from its fourth-quarter results, which will be announced next week, the New York-based giant is organizing itself into an investment banking unit, a global markets division, an asset management business and a consumer and wealth management segment.
In practice, the flagship institutional client services division has been renamed global markets, now including the results from providing warehouse lending and structured financing to institutional clients.
Another important point is that the consumer and wealth management segment will include the firm's digital platform, Marcus, as well as providing credit cards.
Goldman Sachs said it believes that this new presentation - which is part of its ongoing commitment to organizing in a "client-centric" way - will help drive greater accountability for the execution of its strategy.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
As from its fourth-quarter results, which will be announced next week, the New York-based giant is organizing itself into an investment banking unit, a global markets division, an asset management business and a consumer and wealth management segment.
In practice, the flagship institutional client services division has been renamed global markets, now including the results from providing warehouse lending and structured financing to institutional clients.
Another important point is that the consumer and wealth management segment will include the firm's digital platform, Marcus, as well as providing credit cards.
Goldman Sachs said it believes that this new presentation - which is part of its ongoing commitment to organizing in a "client-centric" way - will help drive greater accountability for the execution of its strategy.
Copyright (c) 2020 CercleFinance.com. All rights reserved.