Global investment bank Goldman Sachs is expanding its base in Birmingham in a move which will see its workforce double to 1,000.
The Wall Street giant launched in Birmingham in 2021 when it was based in Colmore Row. The office, which specialises in information and technology, subsequently moved to One Centenary Way on the Paradise estate with a staff count of 500.
A spokesman from Goldman Sachs said the expansion will allow the bank to extend its operations “to critical parts of the economy where we see substantial opportunities to deploy capital, including in AI and digital infrastructure”.
Neil Rami, chief executive at the West Midlands Growth Company, said: “A month on from playing host to the inaugural Regional Investment Summit in Birmingham, Goldman Sachs’ decision to double its headcount here reinforces the West Midlands’ rise as a global hotspot for financial and professional services.
“This renewed vote of confidence demonstrates that we have the specialist talent, infrastructure and connectivity to support the growth ambitions of the world’s biggest businesses.
“It’s brilliant to see Goldman Sachs thriving in their home at Paradise Birmingham and we look forward to continuing to support their ongoing expansion in the city.”
