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Goldman Is Taking Another Stab at Serving Europe’s Rich

  • Bank plans to hire more than 30 wealth advisers in three years
  • Bank would also consider acquisitions to grow assets in Europe
A Swiss national flag flies from the shores of Lake Geneva.

A Swiss national flag flies from the shores of Lake Geneva.

Photographer: Stefan Wermuth/Bloomberg
Updated on

Goldman Sachs Group Inc. is making another go at a business that not so long ago fell out of favor with U.S. banks: catering to the super wealthy, from Switzerland.

The U.S. investment bank plans over the next three years to hire more than 30 wealth advisers to cater to clients in the country, as well as in Germany and the U.K. In total, the bank wants to add 100 client-facing staff from 250 currently.