Goldman Sachs Speeds Up Asia Hiring as Wealthy Clients Seek to Diversify Away from US Assets

Goldman Sachs is speeding up hiring of wealth management advisers in Asia, expanding its adviser teams in Hong Kong, Singapore and Australia, and adding specialists in areas such as trading and lending. Nishi Somaiya, the firm's global co-head, said wealthy families in the region, after years of strong market returns, are increasingly seeking to diversify into US assets, while the AI boom is also creating a new generation of millionaires, bringing demand for financial planning.