News and Commentary

Report: Goldman Sachs Considers Moving Asset Management Division Out Of NYC To Florida

Eric Quintanar
Report: Goldman Sachs Considers Moving Asset Management Division Out Of NYC To Florida
Scott Eells/Bloomberg via Getty Images

Goldman Sachs, the multi-billion dollar American investment banking company, is reportedly considering a plan to move its asset management division out of New York City, and instead operate the division somewhere in the South in order to save money.

Bloomberg News, citing “people with knowledge of the matter,” reports that executives from the company “have been scouting office locations in South Florida, speaking with local officials and exploring tax advantages as they consider creating a base there for its asset management arm.” Dallas, Texas, is reportedly another area under consideration.

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