Goldman Sachs plans Amsterdam office
The American investment bank Goldman Sachs is planning to open an asset management office in Amsterdam. According to Dutch media sources, Goldman Sachs has received the necessary permission from the Dutch authorities to open such an office later in 2012.
Providing pensions in the Netherlands
The Goldman Sachs Group is a renowned specialist in global investment banking, securities and is an investment management firm. They provide a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions and governments. The firm, which is headquartered in New York, maintains offices in all major finance centres around the world. When its new Amsterdam office opens in 2012, it will primarily focus on the Dutch pension sector.
Amsterdam: a financial capital
Amsterdam has a long and illustrious heritage as a financial innovator. It spawned the world’s first central bank, was the cradle of the world’s first joint stock company, was the site of the world’s first stock exchange, and provider of one of the earliest examples of a company pension scheme. The list of firsts continues through to recent times, with the recent creation of a pan-European pension plan vehicle. Today, Amsterdam is one of the major financial centres in Europe. Finance is the most important sector in the Amsterdam Area, generating approximately 20% of the region’s GDP and providing 15% of its jobs.
Pension hub
The Dutch pension sector is substantial, with more than 450 pension funds managing a total of 790 billion euros, ranking the sector first among the Euro area nations. Most of the funds operate from the Amsterdam Metropolitan Area, making the region a hub of expertise for pan-European pension asset management.
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Dutch pension and insurance sector one of the largest in Euro area
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