Goldman Sachs, one of the largest investment banks in the world, has a significant presence in London. The bank has been operating in the city for over 100 years and has a reputation for being a major player in the financial industry. But just how many employees does Goldman Sachs have in London?
As of 2021, Goldman Sachs employs around 6,000 people in London. This makes it one of the largest employers in the city’s financial sector. The bank’s London office is home to a wide range of departments, from investment banking and asset management to legal and compliance.
Goldman Sachs’ History in London
Goldman Sachs first established a presence in London back in 1904 when it opened an office at 20 Bishopsgate. The bank’s operations grew rapidly over the years, and by the late 1970s, it had become one of the leading investment banks operating in Europe.
In recent years, Goldman Sachs has continued to expand its operations in London. In 2019, the bank opened a new office building near Holborn Viaduct that can accommodate up to 6,000 employees.
Goldman Sachs’ Impact on London
Goldman Sachs is not only one of the largest employers in London but also makes significant contributions to the city’s economy. The bank pays millions of pounds each year in taxes and provides funding for various community initiatives.
The bank also plays an active role in promoting diversity and inclusion within its workforce and throughout the wider financial industry. In 2020, Goldman Sachs launched its “One Million Black Women” initiative aimed at providing resources and support to Black women entrepreneurs.
- Investment Banking: This department handles mergers and acquisitions (M&A), initial public offerings (IPOs), debt financing and more.
- Asset Management: This department oversees the bank’s investment portfolios and provides wealth management services to clients.
- Securities: This department trades securities such as equities, bonds, currencies and commodities.
- Consumer and Wealth Management: This department offers a range of financial products and services to individuals and families.
The Future of Goldman Sachs in London
Despite the ongoing uncertainty surrounding Brexit, Goldman Sachs has remained committed to its operations in London. In fact, the bank has continued to expand its workforce in the city over the past few years.
However, like many other financial institutions, Goldman Sachs is also exploring alternative locations for some of its operations. In 2019, it was reported that the bank was considering moving part of its asset management division to Paris.
In conclusion, Goldman Sachs is a major player in London’s financial sector with around 6,000 employees working across various departments. The bank has a long history in the city and continues to make significant contributions to its economy. While there may be some uncertainty surrounding Brexit and other factors, Goldman Sachs remains committed to its operations in London for now.