Goldman Sachs

basic info

http://www.goldmansachs.com148 Years Old
New York, United StatesInvestment Banking
10000+ EmployeesPrivate company

about Goldman Sachs

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world

Goldman Sachs story

Jan-1869
The Start
Goldman is founded by Marcus Goldman as a small commercial paper deal operating in a one-room office on Pine Street.
Jan-1906
Became a major player in the IPO Business
Goldman becomes a major player in the nascent IPO business, including handling the initial equity sales for companies such as Sears, Roebuck & Co.
Jan-1929
suffers big losses
Goldman suffers big losses in the stock market collapse, driven by its investment unit, Goldman Sachs Trading Corp. The unit was essentially a series of highly leveraged investment trusts that had been created by executive Waddill Catchings. The losses tarnished Goldman's reputation for years, and the firm was the butt of jokes by popular performer Eddie Cantor, who lost money on the soured trades.
Jan-1930
Sidney Weinberg takes over Goldman
Chastened by the firm's trading losses, Sidney Weinberg takes over Goldman and builds its investment bank.
Jan-1956
Lead Underwriter of Ford Motor
Goldman is the lead underwriter of Ford Motor Co.'s IPO, a symbol of Goldman's growing investment banking prowess.
Jan-1969
Another take over
Gus Levy takes over Goldman and builds back up its stock and bonds trading business
Jan-1976
New Leader
John Weinberg, the son of Sidney Weinberg, and John Whitehead take over the firm, and continue to expand its investment banking business.
Jan-1981
Acquired J.Aron & Co.
Goldman acquires J. Aron & Co., a commodities-trading shop, where current Goldman CEO Lloyd Blankfein worked. Mr. Blankfein joins Goldman as a result of the merger.
Jan-1990
Expands Global Operations
Robert Rubin and Stephen Friedman take the helm, focusing on expanding Goldman's global operations and its mergers & acquisitions advisory business.
Jan-1994
Bet on the bond market turns sour
Goldman faces a serious crisis after Goldman's bets on the bond market suffer big losses. Some partners flee the firm.
Jan-1999
Corzine abruptly steps aside
Jon Corzine abruptly steps aside as the firm's co-head, leaving Henry M. Paulson Jr. the sole chief executive.
Jan-1999
Became a Major Underwriter of tech Company IPOs
Goldman becomes a major underwriter of tech company IPOs, including such offerings as eToys.
Jan-1999
Goldman decided to go Public
After much internal debate, Goldman decides to go public. At the time of its IPO, the firm is valued at about $33 billion.
Jan-2006
Lloyd Blankfein succeeds Paulson as Chairman
Bush administration taps Paulson to be Treasury secretary. Lloyd Blankfein succeeds Paulson as Chairman and CEO.
Jan-2007
Reported a Record Profit of $11.6 billion
Goldman reports a record profit of $11.6 billion on revenue of $45.99 billion, on the heels of the credit and housing booms.
Jan-2008
Became a bank holding Company
With the financial crisis intensifying, Goldman becomes a bank holding company, entitling it to greater government protection.
Jan-2008
Federal Reserve Bank agreed to Pay-"100 CENTS ON ONE DOLLAR!"
The Federal Reserve Bank of New York agrees to pay Goldman and other firms 100 cents on the dollar for its trading position with American International Group.
Jan-2008
Investment of 5 billion dollars
Warren Buffett invests $5 billion in Goldman.
Jan-2008
Government buys $10 billion worth shares!
The government buys $10 billion worth of preferred shares from Goldman as part of TARP.
Jan-2010
Reported a Record Profit of $13.39 billion!!
Goldman reports a record profit of $13.39 billion. The firm sets aside $16.19 billion for compensation, or 35.8% of its net revenue to pay for compensation and benefits, about $3 billion less than expected.
Apr-2010
SEC charges Goldman
The SEC charges Goldman with deceiving clients by selling them mortgage securities secretly designed by a hedge fund run by John Paulson.

Goldman Sachs products & services

Asset Management

Asset management, broadly defined, refers to any system that monitors and maintains things of value to an entity or group. It may apply to both tangible assets such as buildings and to intangible assets such as human capital, intellectual property, and goodwill. Asset management is a systematic process of deploying, operating, maintaining, upgrading, and disposing of assets cost effectively. Goldman Sachs Asset Management applies insights and risk management expertise to help institutional and individual investors with their financial goals, now and in the future.

Commercial Banking

Goldman Sachs Bank USA (“GS Bank USA”) is a New York State-chartered bank and a member of the Federal Reserve System. GS Bank USA engages in a number of activities that are core to its franchise, allow it to serve its clients, and achieve its strategic objectives: deposit taking, private bank lending, credit origination, mortgages, interest rate derivative products (including interest rate, credit, and currency products), and agency lending.

Investment Banking

Structures and executes a variety of transactions, including equity offerings, debt issuances, and derivative transactions. Provides mergers and acquisitions advice and services to our clients on some of their most complex strategic decisions and transactions.

Investment Management

We help our clients pursue their wealth management goals through careful advice, astute investment management and access to the capabilities and network of Goldman Sachs. We ask about our client’s goals and help evaluate them. We analyze each client’s financial profile, lifestyle objectives and attitude toward risk, and then develop a suitable wealth management plan.

Prime Brokerage

Our Prime Brokerage Group provides services to help hedge funds manage risk, monitor their portfolios, maintain liquidity and build their businesses. With over 30 years of experience, a strong focus on client service and full access to the resources of Goldman Sachs, we offer customized solutions that help fund managers reach their business goals.

Middle Market Financing and Investing

Middle Market Financing and Investing is offered through the Goldman Sachs Special Situations Group (SSG). SSG is a global, multi-asset class business, specializing in principal investing and lending in all levels of capital structures on a risk-adjusted return basis. SSG is the primary center for Goldman Sachs’ middle-market financing and investing activity. The group lends and invests Goldman’s capital directly to mid-sized companies.

Goldman Sachs team

Associate Director, Asset Management

Prashant Khemka

Past: State Street Global AdvisorsEducation : BE-Sardar Patel College of Engineering, Bombay ; MBA-Vanderbilt University ;CFALocation: Mumbai
MD&CEO, Asset Management

Sanjiv Shah

Past: DSP Merrill Lynch Ltd. , Benchmark Asset Management Company Pvt. Ltd.Education : M.Sc-Mumbai UniversityLocation: Mumbai
Chairman and CEO

Lloyd Craig

Past: Proskauer Rose,Donovan, Leisure, Newton & IrvineEducation : Harvard Law SchoolLocation: New York City
President and COO

Gary D.Cohn

Past: New York Mercantile ExchangeEducation : American UniversityLocation: New York City
CEO

Sonjoy Chatterjee

Past: ICICI Bank Ltd.Education : B.Tech(Chemical), MBA-IIM BangaloreLocation: Mumbai
Managing Director

Sajid Ahmed

Past: Goldman Sachs, Syntel Ltd, DDE ORG Systems LtdEducation : BE-Karnatak University, MS-Birla Institute of Technology and Science, PilaniLocation: Bangalore
Vice President

Anand Ponnusamy

Past: Mozy Inc - an EMC Company, pi Corporation - an EMC Company, ChoicePointEducation : BE-NIT Tiruchirappalli , MS-University of AlabamaLocation: Bangalore
Managing Director

Tushar Desai

Past: JP MorganChase, JP Morgan, HSBCEducation : B.Com-Narsee Monjee College of Commerce and Economics , ICWAILocation: Bangalore
VP

Felix Raju

Past: JPMorgan Chase & Co., Goldman Sachs Asset Management, IDBI BankEducation : B.Com-Mahatma Gandhi University , MBA-Aberystwyth UniversityLocation: Bangalore

Goldman Sachs office photos

goldman sachs worldwide office photos

( 15 photos )

goldman sachs office inside photos

( 61 photos )

Goldman Sachs office locations

Mumbai Office
Goldman Sachs, Appasaheb Marathe Marg, Prabhadevi
Mumbai
Maharashtra 400025
022 6616 9000
Bengaluru Office
Goldman Sachs Services Pvt. Ltd Cherry Hills, Embassy Golf Links Business Park, 6, Embassy Golf Links Business Park, Domlur Layout
Bengaluru
Karnataka

Goldman Sachs amusing facts

Ranked first in worldwide equity-related offerings, and common stock offerings.
    1. 1
      Ranked first in worldwide equity-related offerings, and common stock offerings.
    2. 2
      Goldman only generates 14.4% of its revenue from investment banking. The bulk, 53%, is from sales & trading.
    3. 3
      Unlike their rivals, Goldman's equity research analysts never, ever go on TV to discuss their opinions.
    4. 4
      60% of their top executives are Jews, who only account for 2% of the US population. This is reportedly the highest ratio among peers.
    5. 5
      It uses 1m computing hours per day for risk management calculations.
    6. 6
      Sidney Weinberg, who started off as a janitor's assistant, went on to become the CEO and led the firm for 39 years.
    7. 7
      Of the applicants who receive offers, 9/10 accept.
    8. 8
      By market value, Goldman is only 37% the size of JP Morgan.
    9. 9
      Revenue per employee was $1.29m in 2012.
    10. 10
      The average employee compensation (salary + bonus) was $399,506 in 2012.
    11. 11
      In 2010 and 2011, Goldman received 300,000 applications for full-time positions. 4% were given offers.

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