Goldman Sachs Group Inc is a global financial firm that provides a broad range of investment, asset management and banking solutions.
German immigrant Marcus Goldman founded the company and opened a one-room basement office in lower Manhattan in 1869. The company got listed on the New York Stock Exchange in 1999.
Goldman Sachs Group provides various financial services, including securities, investment and expenditure management, etc.
The investment bank provides and manages its services through different units:
• Investment Banking
• Global Markets
• Asset Management
• Consumer and Wealth Management
Investment Banking Segment
The New-York based bank provides financial services to individuals and private sector customers globally through this unit. In addition, it also provides financial advisory services and reportedly aids the companies to grow the capital and strengthen their businesses.
Global Market Segment
Goldman Sachs Group Inc provides investment management services, including buying or selling financial products and engages in risk management services. In addition, the bank provides brokerage services, optimal trading solutions, full-service commodity risk management services, etc.
Asset Management Segment
The third segment focuses on providing asset management services to various customers, including corporate clients, institutional investors, public entities, etc. The product portfolio includes alternative investments like hedge funds, private equity, real estate, currencies, commodities, credit funds, etc.
Consumer and Wealth Management Unit
The unit provides private wealth management and personal financial management services. It also claims to provide tailored investment solutions to individuals and organizations. The global firm provides personal banking services like loans, online savings account and certificates deposit.
Goldman Sachs provides services for mergers, acquisitions, equities and debt, and underwriting.
It provides corporate lending services, including middle-market lending and acquisition financing.
Goldman Sachs facilitates transactions in liquid and less liquid markets as a prominent market maker, reportedly.
The financial institution’s stocks trade under the ticker 'GS' on NYSE.