Blankfein Calls Emerging Markets Goldman’s ‘Biggest Opportunity’
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Goldman Sachs Group Inc. Chairman and Chief Executive Officer Lloyd Blankfein said growth in emerging markets rather than fundamental changes in business strategies will be key to future profits.
“The biggest opportunity for us is not necessarily to do more things, but to be Goldman Sachs in more places,” Blankfein, 56, said today in New York at a conference sponsored by Bank of America Corp. About 12 percent of the firm’s revenue came from emerging markets since 2006, Blankfein said.