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Clear all filters- Goldman Sachs42 min
A Conversation with David Solomon - Goldman Sachs 2020 Investor Day
David Solomon, Julian Wellesley, Brennan, Mike, Kiana Wilson, Doug, Christian Bolu, Glenn, Betsy, Devin, Steve, John, Gerard Cassidy, Matt O'Connor, Jeff Hart
Goldman Sachs is executing a strategic pivot to diversify its Global Markets client base and expand Consumer and Wealth Management operations, specifically targeting a $1.3 billion expense reduction while simultaneously building toward $125 billion in deposits. CEO David Solomon and leadership team emphasized a "One Goldman Sachs" ethos to break internal silos, with management deferring specific payout ratios in favor of a CET1 target of 13% to 13.5% to fund accretive growth. The firm projects a three-to-four-year J-curve for new lending and transaction banking initiatives, planning to report progress against these capital allocation and efficiency milestones on an annual basis rather than quarterly.
- Goldman Sachs31 min
Asset Management - Goldman Sachs 2020 Investor Day
Goldman Sachs executives Julian and Tim O'Neill presented an overview of the firm's $2.3 trillion asset management platform, highlighting its global multi-line capabilities and consistent investment track record across diverse strategies. The company outlined a five-year growth target of $350 billion in net organic assets while pivoting its balance sheet toward less capital-intensive credit investments to unlock $4 billion in capital efficiency. This strategic realignment aims to generate an incremental $1.6 billion in annual management fees, ultimately delivering a more durable revenue profile and improved return on equity.