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Goldman Sachs spreads banker web beyond New York

Firm sees satellite offices as a way to develop brokers and improve relations with clients

Goldman Sachs spreads banker web beyond New York
Goldman is shifting partners to Dallas and other locations
Goldman is shifting partners to Dallas and other locations Photo: iStock

In “Liar’s Poker,” his memoir of 1980s Wall Street, Michael Lewis wrote that young bankers at Salomon Brothers feared getting assigned to “equities in Dallas”, peddling stocks in a satellite office far from New York.

Today, banks are casting Dallas and other regional cities as plum assignments.

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