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Goldman Sachs Seeks Volunteers for Move to West Palm Beach Digs

A couple hundred people might go, and more could follow later
Top executive Stephanie Cohen plans a second office in Dallas

Photographer: Walter Bibikow/Stone RF/Getty Images

By

Sridhar Natarajan and

March 18, 2021, 12:23 PM UTC

Goldman Sachs Group Inc.’s plan to move part of its asset-management unit to Florida is gaining momentum, as the Wall Street bank discreetly seeks volunteers for the first wave and prepares office space.

In recent weeks, executives overseeing Goldman Sachs Asset Management and its merchant banking operations have asked managers to identify people willing to be relocated to West Palm Beach, according to people familiar with the matter. The initial group could comprise a couple hundred people, including investment professionals.