Reuters - Goldman plans to beef up investment banking

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'The mindset we’re taking on is one of a shift towards growth'.

Reuters reports that Goldman Sachs plans to add about half a dozen senior bankers over the next six months or so and invest more in Asia using its balance sheet as the Wall Street firm seeks to switch to a growth mode in investment banking, a top executive said.

After years of squeezing costs with lower headcount, tighter compensation and retrenchment from some segments in investment banking following the global financial crisis, Goldman is ready to change tack, said Gregg Lemkau, who was named co-head at its investment banking division in May.

“The mindset we’re taking on is one of a shift towards growth,” Lemkau said in one of his first media interviews since assuming the new post, during a trip through Asia.

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Goldman plots return to banking growth mode through hires, investments

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