Goldman’s big board bet
Bank’s management committee has swelled to a much larger size than those of its competitors
Related reading
Goldman Sachs expands size of management committee
Bank elevates global heads of M&A and risk for investment banking and trading
Goldman Sachs wants everyone to be long-term greedy
Wall St bank and T Rowe Price team up to pitch private investments to everyday investors
Goldman reports best quarter in 5 years even as bond traders disappoint
Equities unit powers bank’s earnings, while fixed-income, currencies and commodities business fell well short
Banks’ asset growth outstripped by non-traditional institutions’
Private credit groups, hedge funds and other institutions account for more than half of global financial assets
Goldman to buy $1bn stake in T Rowe Price
Tie-up marks push to pitch private investments to everyday investors
There is method in the market’s madness
But it relies on a host of rosy assumptions going in investors’ favour