Goldman Sachs Group Inc. plans to hire “steadily” in Asia to cater to the growing number of family offices and superrich in the region, The Straits Times reported Thursday.
“Asia will continue to be a very big opportunity for us,” Marc Nachmann, Goldman’s global head of asset and wealth management, told the newspaper in an interview Monday. The bank also sees a good number of family offices opening in Singapore, and that appears to be growing, he said.
Nachmann named Singapore, Australia and Hong Kong as key wealth markets for the U.S. bank, without disclosing details on hiring targets. Goldman’s asset and wealth management head count in Singapore is now 30% larger than that of three years ago, he told the paper.
The bank is also advising clients to continue investing in stocks, as major central banks are poised to lower rates, Nachmann said.