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Goldman Sachs AM Wins UPS s $43 4bn OCIO Mandate
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Suzano S A : MINUTES OF THE BOARD OF DIRECTORS MEETING - Form 6-K
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Goldman Sachs Secures Deal to Manage $43 4 Billion UPS Pension Funds
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The deal underscores the growing significance of the asset management business as Goldman looks to reduce its dependence on the volatile trading and investment banking. Closest rival Morgan Stanley has been more successful in steering away from its traditional investment banking roots by expanding into wealth management. Goldman Sachs supervises more than $2.8 trillion of assets as of March 31, compared with nearly $7 trillion for Morgan Stanley.