Goldman Sachs considers moving asset management to Florida: Bloomberg - Business Insider

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Goldman Sachs is reportedly planning to shift one of its divisions to Florida, joining some Wall Street firms' moves out of New York

Goldman Sachs Chief Executive David Solomon. The New York investment bank is reportedly considering moving its asset management business to Florida.New York-based Goldman Sachs is considering shifting its asset management operations to Florida, Bloomberg News reported on Sunday.

The plans to shift asset management to South Florida may ultimately not materialize, and the firm may go for a different city where it has been growing, like Dallas, according to people Bloomberg spoke with.Goldman Sachs, an icon of New York finance headquartered in a downtown Manhattan skyscraper a short walk from Wall Street, is considering shifting its asset management operations to Florida, according to a new report.

Goldman Sachs has been speaking with local Florida officials and considering the lower taxes there, per the report. While Bloomberg reported that it is unclear how many people could locate there, staff would include a mix of back-office staff and investment professionals, according to two of the people Bloomberg spoke with.

 

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so proactive !! :) :) :) MadameButcher

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