Latest Interviews
Showing 61–74 of 74 interview transcripts.
Clear all filters- Goldman Sachs24 min
An Evolution in the Cybersecurity Landscape
Matthew Chung, Wesley Williams, Andy Boura, Allison Nathan, Matt Chung, Wes Williams
Ten years ago defined by competitive secrecy, the financial sector now mandates public-private collaboration through bodies like the FSISAC to combat a 95% phishing breach rate exacerbated by remote work. Security operations have evolved into virtual fusion centers integrating legal and engineering teams that rely on automation to manage daily threats while addressing third-party risks highlighted by recent major incidents. Future strategies anticipate leveraging AI for defense and enhanced legislation, shifting the industry from reactive measures to proactive, layered resilience against increasingly commoditized cyber threats.
- Goldman Sachs25 min
Europe at a Crossroads
Allison Nathan, Jari Stehn, Otmar Issing, Romano Prodi, Timothy Garton Ash
Over the last 18 months, the European Union has executed a historic fiscal shift by suspending stability rules and issuing €800 billion in common debt through the Next Generation EU fund to transfer resources from stronger to weaker member states. While this expansionary strategy, supported by the European Central Bank and a new German coalition, introduces a "stick and carrot" reform mechanism, it faces significant hurdles including potential moral hazard, legal challenges to the Maastricht Treaty, and the resilience of nationalist forces. The long-term sustainability of this integration depends on whether the bloc can manage temporary measures, navigate political risks like a potential French populist return, and adapt outdated fiscal criteria to current economic conditions before the recovery fund winds down.
- Goldman Sachs36 min
How Small Business Owners Are Dealing With Worker Shortages, Inflation and Supply Chain Delays
Joe Wall, Allison Nathan, Ruby Bugarin, Kari Parker, Rosemary Swirk
Goldman Sachs' "10,000 Small Businesses Voices" initiative released September survey data revealing a sharp 29-point decline in small business optimism driven by the Delta variant, inflation, and severe workforce shortages. The report details how specific sectors face record operating costs and supply chain delays, while Black-owned businesses struggle with lower capital confidence and depleted cash reserves compared to the broader market. In response to these challenges, the organization is calling for a permanent low-interest loan program and federal procurement reforms to address the systemic lack of representation and resource disparity.
- Goldman Sachs21 min
The Impact of Rising Natural Gas Prices
Damien Courvalin, Allison Nathan, Damian Cuervalin
Record-high natural gas prices in Europe have emerged from a convergence of surging global demand, particularly from China, and severe supply disruptions driven by underinvestment in fossil fuel infrastructure and regulatory issues surrounding Russian exports. This energy tightness, compounded by record-low inventory levels ahead of the winter peak, risks triggering industrial production cuts, accelerating inflation, and reducing economic growth across European economies. Goldman Sachs estimates that sustained price levels could force substitution toward oil, further elevating commodity costs while highlighting the structural dangers of rapid energy transitions without adequate backup capacity.
- Goldman Sachs36 min
Is China Investable?
Allison Nathan, David Lee, Fred Hu, George Magnus, Jude Blanchett
Chinese equities have suffered a $1.5 trillion market capitalization loss since mid-February as regulators aggressively enforce President Xi Jinping's quality growth mandate and reassert Communist Party dominance prior to the 2022 National Party Congress. Experts like George Magnus and Jude Blanchett characterize this shift as a structural move where regulatory bodies prioritize top-down political decisions over consultative processes, creating a bifurcated market that rewards "hard tech" innovation while penalizing "soft tech" consumer internet sectors. Analysts advise that while long-term growth drivers remain robust, investors must navigate increased volatility and political opacity by adopting compliance-focused strategies that separate business decisions from sensitive cultural and media domains.
- Goldman Sachs26 min
The Delta Variant: Implications for Vaccines, Booster Shots and Economic Growth
Terence Flynn, Daan Struyven, Allison Nathan
Global discussions on the Delta variant highlight its heightened transmissibility and the robust protection of mRNA vaccines against severe disease, even as efficacy against mild symptomatic infection varies by region. Industry strategies are shifting toward booster programs for high-risk populations and the development of multivalent vaccines to address waning immunity and emerging threats. Concurrently, economic forecasts have been revised downward due to persistent case spikes in specific regions, supply chain bottlenecks, and consumer risk aversion slowing recovery in the United States and Asia-Pacific.
- Goldman Sachs27 min
Where Are Family Offices Seeking Higher Returns?
Allison Nathan, Sarah Nason-Tarahano, Mina Flynn, Tony Pasquarello, Ken Hirsch
Leading family offices are evolving into nimble, multi-disciplinary institutions that balance wealth preservation with mission-driven investment strategies, allocating significant capital to alternatives and real estate to hedge against inflation and currency debasement. Driven by long-term horizons and lean governance structures, these entities increasingly deploy flexible capital for direct deals while integrating emerging themes like ESG and digital assets to capture outsized returns. Their unique ability to navigate market volatility with 100% deal certainty and a focus on generational growth positions them as a distinct and influential force in global capital markets.
- Goldman Sachs27 min
The Future of ‘Femtech’
Ann Roberts, Lea von Bidder, Dr. Peter Kecskemethy, Antonia Riera, Allison Nathan, Leah Von Bitter
Flow Health CEO Anne Roberts, Ava co-founder Leah Von Bitter, and Chiron Medical founder Peter Ketch-Kometi led a strategic discussion on defining the Femtech sector through evidence-based science and rigorous regulation rather than consumer tech labels. The panelists detailed how their respective companies are leveraging machine learning and wearable physiology data to achieve massive scale, with Flow Health reporting 107% revenue growth and Ava successfully pivoting its algorithms for early COVID detection. While acknowledging the sector's unique capital challenges compared to fintech, the founders outlined future roadmaps focused on expanding product portfolios into menopause and contraception while pushing for AI-driven regulatory frameworks to enable broader clinical adoption.
- Goldman Sachs30 min
Race to Zero: How Companies Are Deploying Decarbonization Strategies
John Greenwood, Cindy Quan, Allison Nathan
Driven by institutional capital shifting toward low-carbon assets, the global business landscape is rapidly prioritizing decarbonization strategies to secure valuation premiums and lower costs of capital. Over 400 major companies across tech, heavy industry, and transport have committed to net-zero targets by 2050, expanding disclosure requirements to include Scope 3 emissions while leveraging tools like green bonds and nature-based offsets. This strategic realignment, exemplified by activist campaigns such as Engine No. 1's intervention at Exxon and Goldman Sachs' integration of ESG into core operations, transforms climate action from a compliance obligation into a critical financial imperative.
- Goldman Sachs27 min
Crypto: A New Asset Class?
Allison Nathan, Michael Novogratz, Nouriel Roubini, Mathew McDermott, Mike Novogratz
Galaxy Digital CEO Mike Novogratz and Goldman Sachs representatives argue that cryptocurrency is transitioning into a recognized asset class driven by institutional infrastructure and a sophisticated investor base, with Bitcoin serving primarily as a digital store of value while stablecoins and Ethereum facilitate payments and DeFi. Conversely, NYU Professor Nouriel Roubini rejects the classification of crypto as currency or a reliable inflation hedge, citing its high volatility, lack of fundamental value drivers, and failure to solve trust issues compared to traditional finance. Despite this regulatory and philosophical divergence, market participants acknowledge a symbiotic relationship is forming where traditional banks are integrating digital assets to meet client demand for diversification and portfolio efficiency.
- Goldman Sachs22 min
Fostering Innovation Within Companies: An Inside Look at GS Accelerate
Tanya Baker, Hasan Malik, Daniel Kovenat, Allison Nathan
Launched 3.5 years ago to validate cross-divisional innovations lacking a clear home, Goldman Sachs' GS Accelerate program has selected 15 investments from nearly 2,000 employee submissions to create seven live products. Co-led by Tanya Baker and Hassan Malik, the initiative empowers independent teams with patient capital and senior sponsorship to transform internal assets, such as the enterprise software ClearFactor, into external market solutions. Operating under themes of Financial Cloud, Digitization, and Sustainability, the program enforces a strict two-year tenure to ensure rapid validation before integrating, spinning out, or partnering ventures.
- Goldman Sachs21 min
The Exit Interview: Jake Siewert on the Media, Communications and the Role of Podcasts
After a decade-long tenure transforming Goldman Sachs' external narrative, Global Head of Communications Jake Seward is stepping down from his role and the "Exchanges at Goldman Sachs" podcast in favor of Senior Strategist Allison Nathan. Seward's departure follows a strategic era where the firm shifted from silence to a proactive, direct-to-consumer media model that utilized deep-dive conversations to bridge the gap between internal culture and public perception. Under the new leadership, the program continues to evolve by bypassing traditional gatekeepers to serve niche industries while prioritizing employee engagement and expert interviews over daily market commentary.
- Goldman Sachs26 min
Reflation Risk
Allison Nathan, Jan Hatzius, Dominic Wilson
Former Treasury Secretary Larry Summers and Goldman Sachs' Jan Hatzius debated whether U.S. fiscal stimulus will trigger a 1970s-style inflationary spiral, with Hatzius arguing that a 6% output gap and temporary spending measures justify the Federal Reserve's tolerance for average inflation targeting. While bond market strategist Dominic Wilson noted that recent yield increases reflect growth acceleration rather than policy surprises, the consensus suggests a rotation into cyclical assets as investors anticipate Fed rate hikes beginning in early 2022. Goldman Sachs projects tapering in early 2022 with a first rate hike in 2024, advising investors to favor cyclical equities and non-gold commodities over rate-sensitive growth stocks during this transition.
- Goldman Sachs41 min
Speaker Series for Interns: Senior Economists from Global Investment Research
Jan Hatzius, Dominic Wilson, Allison Nathan
Jan and co-speakers assess the post-2009 global economy as significantly improved from a Depression scenario yet still hampered by insufficient stimulus, premature fiscal tightening, and slow central bank responses. While US growth is forecast to accelerate to roughly 2.7% by mid-2014 driven by housing and demographics, supporting equity upside despite rich valuations, Europe and Japan face subdued growth and inflation challenges requiring more aggressive monetary easing. The analysts predict the Federal Reserve will hold rates near zero until early 2016 due to hidden labor market slack, whereas emerging markets are navigating a painful 12-to-18-month correction phase before resuming their long-term role as primary global growth engines.