Investment Banking

Goldman Sachs adds EU staff as pay costs jump 15% in 2024

Investment banks are set to increase pay for most employees this year

Goldman Sachs has been adding staff in Paris as part of its post-Brexit strategy
Goldman Sachs has been adding staff in Paris as part of its post-Brexit strategy Photo: Nathan Laine/Bloomberg via Getty Images

Goldman Sachs has bolstered its business in the European Union and its staff on the continent are set for a pay rise in 2024 amid an improved outlook for bonuses.

The Wall Street bank has put aside €558m for compensation during the first nine months of the year within Goldman Sachs Bank Europe SE, which houses its EU employees, an increase of 15% compared with the same period last year, according to newly released accounts.

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