December 6, 2023

Goldman pays 1.7 billion euros for Dutch-based asset manager:

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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.

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Is this is a good move? Will there be major benefits in the future?

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