Goldman Sachs to open office in Birmingham in UK

Goldman Sachs (NYSE:GS) said on Tuesday it would open a new office in the English city of Birmingham, expanding its office footprint in Britain at a time when many rivals are axing space due to the pandemic.

The bank said the first staff would begin working in the new office in the third quarter of this year, with headcount growing to several hundred over time.

Goldman said its engineering division would be the first to base staff in Birmingham through a mix of hiring and transfers.

“We see tremendous opportunity to enhance our UK presence and continue delivering for our global clients,” said Richard Gnodde, chief executive officer for Goldman Sachs International.