Goldman Sachs 2003 Annual Report Investment Banking
chart: investment banking net revenues (in millions)

chart: financial advisors net revenues (in millions)

chart: underwriting net revenues (in millions)
Investment Banking

We provide a broad range of investment banking services to a diverse group of corporations, financial institutions, governments and individuals and seek to develop and maintain long-term relationships with these clients as their lead investment bank. Our current structure, which is organized by regional, industry and product groups, seeks to combine client-focused investment bankers with execution and industry expertise.

Our Investment Banking segment is divided into two components: Financial Advisory and Underwriting.

financial advisory
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 instruments.
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