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The Globalization Of Goldman Sachs

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by Felix Salmon
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Oct 25 2007 12:00am EDT

The Globalization of Goldman Sachs

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.

gs.jpg

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.

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