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Goldman Sachs is a leading global investment banking
and securities firm that provides a wide range of services worldwide to
a substantial and diversified client base that includes corporations, financial
institutions, governments and high-net-worth individuals. |
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| Global Capital Markets, which comprises our Investment
Banking and Trading and Principal Investments businesses, and Asset
Management and Securities Services. The product and service offerings
within these segments are described in the following table: |
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Equity and debt underwriting
Financial restructuring advisory services
Mergers and acquisitions advisory services
Real estate advisory services
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Bank loans
Commodities
Currencies
Equity and fixed income derivatives
Equity and fixed income securities
Principal investments
Proprietary arbitrage
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Commissions
Institutional and high-net-worth asset management
Margin lending
Matched book
Merchant banking fees
Increased share of merchant banking fund income and
gains
Mutual funds
Prime brokerage
Securities lending |
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Our Investment Banking activities are divided into
two categories: Financial Advisory and Underwriting. Financial Advisory
includes advisory assignments with respect to mergers and acquisitions,
divestitures, corporate defense activities, restructurings and spin-offs.
Underwriting includes public offerings and private placements of equity
and debt securities. Our Trading and Principal Investments activities
are divided into three categories: Fixed Income, Currency and Commodities;
Equities; and Principal Investments. In our Trading and Principal
Investments business, we facilitate client transactions and take
proprietary positions through market making in, and trading of, fixed
income and equity products, currencies, commodities, and swaps and other
derivatives. Principal Investments primarily represents net revenues from
our merchant banking investments. |
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Our Asset Management and Securities Services activities
are divided into three categories: Asset Management, Securities Services
and Commissions. In Asset Management, we provide a broad array of
investment advisory services to a diverse client base. Securities
Services includes prime brokerage, financing services and securities
lending, and our matched book businesses. Commissions includes agency
transactions for clients on major stock and futures exchanges and
revenues from the increased share of the income and gains derived
from our merchant banking funds. |
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