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Goldman Hires From UBS, BNP to Grow Mideast Wealth Business

  • Goldman devised ‘aggressive growth plan’ for its private bank
  • Mideast is home to growing number of ultra-rich families
Office windows reflect skyscrapers, including the Capital Market Authority (CMA) tower, center, at the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia.
Photographer: Maya Anwar/Bloomberg
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Goldman Sachs Group Inc. hired senior bankers to the super rich from rivals including UBS Group AG and BNP Paribas SA as it looks to expand its offering to wealthy families in the Middle East.