Goldman Sachs Opens Luxembourg Wealth Outpost for Brexit
- Lender’s wealth-management branch will serve rich clients
- Senior Dutch, Danish bankers also relocating to Continent
This article is for subscribers only.
Goldman Sachs Group Inc. opened a Luxembourg-based entity to service rich individuals based in the European Union, the latest in the Wall Street bank’s series of moves to avoid Brexit disruption.
The Luxembourg branch of subsidiary Goldman Sachs Bank Europe SE opened last month, according to regulatory records. It will be used for some of Goldman’s European private wealth management clients, according to a person familiar with the matter who requested anonymity.