Goldman Sachs Group Inc. (NYSE:GS) held its board meeting in Israel today at the Tower of David Museum in the Old City of Jerusalem. “Globes” first reported the US investment bank’s intentions.
Goldman Sachs, founded in 1869, is one of the world’s largest investment banks, and has more than 20,000 employees worldwide.
In addition to the company’s directors, Goldman Sachs invited 150-200 investors and potential investors to the meeting, in order to strengthen ties with Israel. Several months ago, “Globes” reported that the investment bank was considering opening a branch in Israel. The company currently maintains an Israel desk at its New York office, headed by Orit Friedman, a partner in the firm.
Goldman Sachs has participated in the IPOs by Cellcom Israel Ltd. (NYSE:CEL) and AFI Development plc (LSE:AFID).
Goldman Sachs chairman and CEO Lloyd Blankfein has served in his post for the past year. The company has a market cap of $92 billion, and posted a net profit of $3.2 billion on $22.3 billion revenue for the first quarter of 2007.
Published by Globes [online], Israel business news - www.globes.co.il - on June 11, 2007
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