Goldman Sachs Expands Private Wealth Management to Riyadh
Goldman Sachs has launched its first onshore Private Wealth Management presence in Riyadh, marking a strategic expansion in the Middle East. The MOVE builds on the firm's 2008 establishment in Saudi Arabia and aims to serve the region's sophisticated investor base with global and local opportunities.
"Saudi Arabia's dynamic economy demands tailored wealth solutions," said Rob Mullane, co-Head of Private Wealth Management for EMEA. The initiative leverages Goldman's integrated 'One Goldman Sachs' approach, combining asset management and investment banking capabilities.
The expansion signals growing institutional interest in Middle Eastern capital markets. While the announcement focuses on traditional finance, such infrastructure developments often create spillover demand for digital assets as regional investors diversify portfolios.
