In order to expand its asset management footprint in Europe and increase its sustainable investment capabilities, Goldman-Sachs has acquired NN Investment Partners investment capabilities. The business will push growth in products such as European equity and investment-grade credit, sustainable investments and “green” bonds. The chief is looking to diversify the bank’s revenue to focus on more predictable business such as consumer banking, wealth and asset management.
Is this is a good move? Will there be major benefits in the future?