Goldman Sachs Is Expanding Trading Activities in Switzerland
Commercial and residential properties stand on the city skyline in Zurich, Switzerland.
Photographer: Alessandro Della Bella/BloombergThis article is for subscribers only.
Goldman Sachs Group Inc. is expanding its trading activities in Switzerland, according to a person with knowledge of the matter.
The U.S. investment bank is upgrading its Swiss trading unit, housed under Goldman Sachs International, from a representative office into a branch, the person said, asking not to be identified as the plans aren’t public. The move is subject to approval from Finma, the Swiss financial regulator.