Goldman to enter Japan wealth management sector


Under chief executive officer David Solomon, Goldman Sachs is increasing its focus on wealth management and consumer banking to reduce reliance on trading revenue.

TOKYO: Goldman Sachs Group Inc plans to enter the wealth management business in Japan, a person with knowledge of the matter said.

The US bank will target high-net-worth individuals through its asset management unit, the person said, asking not to be identified because the plans are private.

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