When John Waldron told analysts in January 2020 how he and his colleagues were busy making Goldman Sachs’s investment bank into an even more formidable outfit than it already was, the havoc that Covid-19 would soon wreak on the world was, for most people, no more than the worst of worst-case projections.
Kicking off Goldman’s first-ever investor day, chief executive David Solomon had already outlined a root-and-branch rethink of the scope of Goldman’s business – pushing further into areas of consumer finance and wealth management – and how it was putting clients at the heart of everything it did.
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