Goldman Sachs Private Wealth Management opens new office in Monaco By Reuters

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PARIS (Reuters) – Wall Street bank Goldman Sachs (NYSE:) said its Private Wealth Management division had opened a new office in Monaco’s high net worth hub as part of wider European expansion plans .

Goldman Sachs added that it has hired Arnaud Caussin, Thibaut Lambert and Serge Olive to run this new Monaco office.

Goldman Sachs shares fell last month after Wall Street’s top investment bank missed quarterly profit expectations, hampered by falling trading revenue and rising costs.

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