Mike: any comment on this? Goldman Sachs opens Silicon Valley office
Monday February 1, 3:22 pm Eastern Time
MENLO PARK, Calif., Feb 1 (Reuters) - Investment banking firm Goldman, Sachs & Co. said on Monday it opened a 90-person office in Silicon Valley -- an area that has seen phenomenal growth not only in the number of technology companies but also personal fortunes.
''With this significant investment in staff and facilities in Silicon Valley, Goldman Sachs is demonstrating our commitment to the future growth and needs of our clients in the high technology industry,'' Goldman's Chief Executive Officer Henry Paulson Jr. said.
The private company's Menlo Park office has a staff of about 90 employees, including 70 in investment banking, which provides mergers and acquisitions and financing services, and 20 in private client services, which provides wealth management services for wealthy individuals.
New York-based Goldman Sachs' High Technology Group has provided investment banking services for high technology clients since 1983 and has advised clients on more than 350 mergers and acquisitions and financing deals.
''We are moving the High Technology Group's headquarters from San Francisco to Silicon Valley to be even closer to our clients, and better able to serve their growing needs,'' Gene Sykes and Bradford Koenig, co-heads of Goldman Sachs' Global High Technology Group, said.
biz.yahoo.com |
