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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

Friday 16 December 2016 at 12:19

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.