Goldman Sachs aims to keep expanding in Latin America after record year

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

South Africa Headlines News

New York-based firm wants to continue investing in equity capital markets in particular, says co-head

Goldman Sachs Group plans to keep expanding in Latin America after a record year in the region, hiring in areas including equity research, sales, trading and derivatives.

During the past five years, revenue in the region is up almost 60% compared with the previous five years. “We think it’s a big area of opportunity for us,” he said. “In Latin America, we have the same obsession about league-table rankings, though our aspirations are slightly different: we are really looking to be the best international bank in the region, and not trying to compete with some of the biggest local banks on the ground.”Latin American firms issued $33.5bn of stock in 2021, including initial public offerings and secondary share sales, an increase of 2.6% over 2020.

Mora said the bank “used our global client footprint to finance the acquisition of commodity assets across the region with Goldman Sachs’s committed capital,” without providing more details. He also cited examples such as financing to one of the bank’s “larger global clients” to acquire Vale shares as the Brazilian Development Bank divested its holdings.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

i have been very fruitful ever since i have been investing with williamchurch09. contacted mr william after series of testimonies i saw online, i took courage and started investing with him. i have made my third withdrawal which are ten times the initial investment.

Taking care of my debts and giving my family the best financially is what I have long waited for, TarellaCampbel thank you for helping me gain financial success.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Financial tools to keep you on track throughout the year | CitypressSA’s major banks and investment specialists provide an array of programmes to help you manage your finances, writes Angelique Ruzicka. That's amazing journey with you 💝 I just received this on my bitcoin.com wallet thanks Mr Hendricksnino77 for his profits don't doubt his words this guy is gentlemen and God 🙏 sent 🇿🇦🇿🇦 interested persons 👉Connect with him directly on WhatsApp
Source: City_Press - 🏆 7. / 72 Read more »

MTN set for court battle with Telkom over spectrumBattle of the telcos even before spectrum auction opens. MoneywebNews MTN telkom
Source: Moneyweb - 🏆 5. / 77 Read more »

MTN takes aim at Telkom in spectrum court battleThe mobile operator wants the auction to move forward as planned
Source: BDliveSA - 🏆 12. / 63 Read more »

Anti-vaxxer podcaster dies from Covid after contracting virus at far-right Reawaken America conferenceDoug Kuzma, who ran the FROG news podcast network, contracted Covid-19 at the ReAwaken America event, saying the illness he had bronchitis.
Source: BISouthAfrica - 🏆 34. / 51 Read more »

'Is he going through crack withdrawal?' – Tweeps react to Trevor Noah’s dance movesA short video clip of Trevor Noah showing off his dance moves has South Africans wondering if he left his rhythm in America.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Former Mamelodi Sundowns attacker eyes South American move!Former Mamelodi Sundowns attacker eyes South American move! A former Mamelodi Sundowns attacker could resurface in South America in the next few weeks as he looks to revive his career.
Source: TheSAnews - 🏆 25. / 59 Read more »