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Phil Hall

Goldman Sachs To Open Office In Monaco — Here's Why It's Important Even If You're Not A Resident

Goldman Sachs Monaco NYSE Principality

Goldman Sachs Group Inc. (NYSE:GS) is opening an office in the tiny yet extremely wealthy Principality of Monaco.

Going Where The Money Is: Bloomberg reports Goldman Sachs received permission from Monaco’s regulators to open a wealth unit, six years after closing an earlier office. The company has hired three financial executives from the U.K.’s Barclays Plc (NYSE:BCS) — Arnaud Caussin, Thibaut Lambert and Serge Olive — to run the office.

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