Goldman Sachs has targeted growth in Palm Beach, Florida, one of the wealthiest areas in the US, according to reports in the local press. ...

Goldman Sachs has targeted growth in Palm Beach, Florida, one of the wealthiest areas in the US, according to reports in the local press.

The New York-based bank said it plans to open a permanent office in Palm Beach by the autumn and to target wealth management growth.

Goldman Sachs currently has a staff of five investment professionals working in temporary offices in Palm Beach, a spokeswoman from the bank told the local press.

Two of these were recent hires from Bessemer Trust, Jim Myers and Mike Okun. The three others - David Kirschner, Jeff Roberts, and Brad Twinsburg - were all from Goldman Sachs.