Goldman Sachs has launched an aggressive recruiting drive to build its asset management business at a time when its rivals are pulling back from fund management.
The US bank will hire up to 200 staff across all regions in a bid to establish a dominant position as one of the world's leading asset managers. In 2007 Goldman was ranked 17th in the world in terms of assets under management.
“We are moving back on the offensive,” Marc Spilker told the Financial Times in his first interview since being appointed co-head of the bank's investment management business in June 2008.
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