The Globalization of Goldman Sachs

Oct.26.07 | About: Goldman Sachs (GS)

The New York Post tells us today that 57% of Goldman Sachs's 299 new managing directors work outside the US. But how does that compare to the present cohort? I asked Goldman if they could give me the goegraphical breakdown of their managing directors overall, and they did: this is the result.


As you can see, the US is the big loser here: it accounts for 59% of existing MDs, but just 43% of new ones. The biggest gainer is Asia ex Japan (which is probably overwhelmingly China).

One shouldn't read too much into these numbers, of course: if Japan got 2 new MDs rather than 3, its share would have gone down rather than up. But the big picture is pretty clear.