Waldron on Thursday also highlighted the bank's ability to service clients in a high-interest, high-risk environment. He said he sees the bank gaining market share generally in financing as regional banks pull back.
He suggested that there are similar opportunities in private banking, he said."We've built a nice sizable platform in lending to our Private Wealth clients. But we can do more," he said. Waldron on Thursday admitted that Goldman has"underinvested" in the private wealth business. He said that the bank plans to hire more advisors and support staff in the field, which has yielded"very good returns on that investment" in the past.
"We're very uniquely positioned to be able to provide a one-stop solution for those clients given we know how to underwrite those companies, we understand those risks, and we have great relationships with these founders," she said.
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