6 Represents bilateral referrals between Private Wealth Management and Personal Financial Management and eligible Corporate employees referred to Personal Financial Management. Shipping Information. We have no room for those who put their personal interests ahead of the interests of the firm and its clients. Our signature entrepreneurship initiative, Goldman Sachs 10,000 Small Businesses, reached a milestone in 2020, surpassing our goal of serving 10,000 business owners through our education program. We saw early success with our online savings, lending, and credit card offerings, and in 2020, we launched four partnerships with Amazon, Walmart, JetBlue, and AARP. If any of these is ever diminished, the last is the most difficult to restore. For us to be successful, our people must reflect the diversity of the communities and cultures in which we operate. The culture of our organization is deeply rooted in apprenticeship, collaboration, and innovation, all of which occur far more naturally when we work together in person, on a regular basis. Among our leadership team, we felt putting people first meant that, especially in those early months when information was scarce, we needed to place an even greater emphasis on communication. Our clients’ interests always come first. is located in New York, NY, United States and is part of the Securities Brokerages Industry. As I write this letter, we’re still working to get past the pandemic, but we feel encouraged by what we see. Apollo Global Management is one of the largest alternative asset managers serving many of the world’s most prominent investors. The Standardized Total Returns are average %%EOF First, we attracted more diverse talent to Goldman Sachs than ever before. Juni 2018). Perhaps our most vital project was helping our hardest- hit communities. ... GSAM conducts an annual due diligence meeting with the Proxy Service to For instance, where in previous years more and more employers had given their employees the option to work remotely, in 2020 far more of them did. In 2020, economic activity dropped suddenly in the first half of the year before largely recovering in the second, causing turmoil in financial markets, especially in the spring. Übersicht Empfehlungen, FinanzNachrichten.de bietet die wichtigsten Nachrichten aus dem Bereich Aktien, Börse und Wirtschaft mit täglich über 12.000 Wirtschafts-News sowie Aktienkurse My thanks go out to our leadership, including our president and chief operating officer, John Waldron; our chief financial officer, Stephen Scherr; our entire Management Committee; and, most of all, to the people at every level who make Goldman Sachs such an extraordinary firm. This is a marathon, not a sprint, and though progress is never a straight line, this year more than any other taught us that, when your strategy is clear — even in a crisis — you’ve got to stay the course. He was previously a partner at Goldman, Sachs & Co. and was co-head of European and Indian private equity for the Principal Investment Area (PIA). And so our organization will continue to make sure all of us operate at the highest level of integrity. David M. Solomon Chairman and Chief Executive Officer. With our year-end investment-banking-transaction backlog near record levels — and significantly higher than it was at the end of 2019 — we feel our franchise has momentum going into 2021, as M&A, among other strategic activity, continue to pick up steam from the slump they hit in the middle of 2020. Financial Services. Our Endowments & Foundations group acts as an extension of your investment committee, providing guidance, custody reporting, liquidity management, and more. Digital Consumer Banking We saw strong growth in our digital consumer bank, as consumer deposits rose by $37 billion to $97 billion in total, and in April we reached our one-millionth deposit customer in Marcus. We learned a lot about humility in 2020 because so much of what happened was out of our control, but the progress we made on our performance goals is a testament to the strength of our people and our strategy. The feedback we’ve received from clients and investors has been overwhelmingly positive, and in July 2021, we will raise that figure to two. Asset Management Our reputation as a leading global asset manager served us well during this tumultuous year. Now, our focus is on making sure all of our people can safely return to the office. The Funds investment return and principal value will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. On Investor Day, we set a target of $1.3 billion of annual run-rate expense efficiencies over the medium term, and we achieved approximately half of that goal in 2020. $i201:���00RD�?� � bl And I know how much our clients appreciated it. Alles Wichtige über Konzernriesen und Newcomer, Wirtschaftspolitik, Banken und Finanzen sowie Lifestyle. Goldman Sachs Bank USA and Subsidiaries – 2020 Annual Report 31 Dec 2020 Goldman Sachs International - Financial Statements 31 Dec 2020 Goldman Sachs International Bank - Financial Statements Historical Non-GAAP Financial Measures 09 Dec 2020 Form 8-K - Wednesday, December 9, 2020 19 Nov 2020 Form 8-K - Thursday, November 19, 2020 13 Nov 2020 Our new Regenerative Agriculture Principles will help us do just that. We contributed over $150 billion in sustainable-finance activity over the course of 2020, including over $90 billion toward climate transition. 16532 0 obj <>stream If you are looking to invest, or have any questions, you can contact me on this page. To help them cope with the demands of working from home while also homeschooling their children and taking care of sick loved ones, we gave 10 days of family leave and began offering telemedicine free of charge. Goldman Sachs Asset Management International is a hedge fund with 863 clients and discretionary assets under management (AUM) of $313,518,889,028 (Form ADV from 2021-01-13). Even in the midst of a volatile market, our clients stayed largely invested, and net revenues in Wealth Management grew by 10 percent year-over-year to a record $4.8 billion. We constantly strive to anticipate the rapidly changing needs of our clients and to develop new services to meet those needs. Being diverse is not optional; it is what we must be. font-family: 'Bold' Unternehmenspräsentation (englisch) April 2021 Download. For our part, in addition to driving capital to climate solutions and accelerating the climate transition of our clients, we’re advancing on three separate fronts. We provided liquidity, credit, and relief to corporates, institutions, and consumers as much as possible during this most challenging time. h2 { Later this year, we will issue our second annual Taskforce on Climate-related Financial Disclosure (TCFD) report, in which we will lay out in detail how we’re taking climate-risk considerations into account both in our business practices and our business selection. Lösungen. We expect our people to maintain high ethical standards in everything they do, both in their work for the firm and in their personal lives. Our teams worked diligently to serve our clients, providing liquidity across asset classes, intermediating risk, and engaging in structured solutions while also supporting significant volumes across expanding digital platforms. Our People, Our Clients, and Our Communities That was just one of the lessons I learned in 2020, or perhaps I should say “relearned.” The distinction is important because, to me, a lot of what I saw in 2020 wasn’t some bold departure from all that had come before, so much as an acceleration of trends already underway. Our comgest. It’s not enough that we simply protect nature, we need a path that puts nature, climate and people in synergy. Net revenues grew by 22 percent to $44.6 billion, our highest in 11 years. Every month, we held a virtual town hall, where we updated our people on what we were doing to address the crisis, and I sent to our team around the globe voice notes that I recorded from my desk phone on numerous Sunday nights, so our people could hear from me in my own words. We’ve once again seen just how much clients trust our franchise, which became even more important as COVID-19 limited face-to-face interaction. We’ve helped steer clients through stormy market conditions for decades, and though the economic waters were especially choppy in 2020, by putting our clients first, all four of our core businesses not only weathered the downturn, but saw real growth. Citi, the leading global bank, serves more than 200 million customer accounts and does business in more than 160 countries and jurisdictions. 4 Total client assets includes assets under supervision, brokerage assets, and consumer deposits. Our experience shows that if we serve our clients well, our own success will follow. Within a few weeks, 98 percent of our nearly 40,000 employees were working remotely. Goldman Sachs Asset Management International2 Peterborough Court 133 Fleet Street London EC4A 2BB England Goldman Sachs Asset Management, L.P.2 200 West Street New York NY 10282 USA Goldman Sachs Asset Management Co. Ltd.2 Roppongi Hills Mori Tower 10-1, Roppongi 6-Chome Minato-Ku Tokyo 106-6144 Japan Legal Advisors as to Irish Law Matheson Thanks to our footprint-expansion efforts, we added approximately 300 clients and generated more than $800 million in revenue in 2020. Third, we added our voices to calls for racial equity. Jobbörse StepStone Aktuelle Jobs und Stellenangebote bei StepStone Die Jobbörse für Fach- und Führungskräfte Jetzt online den besten Job finden und direkt bewerben! Goldman Sachs Group reported $1.818 trillion in assets under supervision for its asset management and consumer and wealth management businesses … Management; Aufsichtsrat; Impressum ; This is a result This is a result This is a result This is a result This is a result This is a result. We have been made aware that there are external parties falsely claiming to carry out financial services on behalf of Goldman Sachs (including Goldman Sachs Asset Management International and Goldman Sachs International) in order to market fake investment products and to solicit monetary payments. Speaking of our people, they truly went above and beyond in 2020. And while our leadership responded immediately, what was inspiring was how our people looked out for each other. The uncertainty and dislocation of the healthcare crisis amplified how important it is that we invest in the fabric of our society, make it more sustainable, and advance inclusive growth. 16517 0 obj <>/Filter/FlateDecode/ID[<1C1343B2CA13A44EBC93B5284BC5026D>]/Index[16510 23]/Info 16509 0 R/Length 56/Prev 1471075/Root 16511 0 R/Size 16533/Type/XRef/W[1 2 1]>>stream And to optimize capital consumption within Asset Management, we sold or announced the sale of over $4 billion of equity investments in 2020 with a related $2 billion in expected reduction of required capital. We want to be big enough to undertake the largest project that any of our clients could contemplate, yet small enough to maintain the loyalty, the intimacy and the esprit de corps that we all treasure and that contribute greatly to our success. Balance Sheet The balance sheet is set out on page 51 of this annual report. Throughout my more-than-35-year  career, there have always been disruptions, but this year saw a healthcare crisis that had a personal impact on millions. Integrity and honesty are at the heart of our business. Our experience over the past year has given us even greater confidence in several of the key elements of our plan. After reviewing USB recently, and speaking about my general issue with the banks on the Adam Fayed podcast last week, is Goldman Sachs’ solutions any better for high net wealth individuals and expats?. We never lost sight of our purpose: to advance sustainable economic growth and financial opportunity. After a difficult year, we are cautiously optimistic about 2021. Goldman Sachs Asset Management, L.P. (“GSAM”), an affiliate of Goldman, Sachs & Co. (“Goldman Sachs”), serves as investment adviser to the Fund pursuant to a management agreement (the “Agreement”) with the Trust. 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