Goldman Plans to Double China Headcount to 600 in Five Years
- Hiring target hinges on officials fulfilling reform pledges
- Bank also plans new asset management unit in mainland China
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Goldman Sachs Group Inc. plans to double its headcount in China over the next five years, provided the Communist Party-ruled nation continues down the path of opening up its financial markets.
The ambition to raise staffing to 600 is part of a five-year plan drawn up by executives at the New York-based investment bank, said a person familiar with matter who asked not to be identified discussing confidential plans.