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Goldman Sachs Expands in US Wealth Centre

Stephen Harris

3 April 2006

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.