Hyderabad: Goldman Sachs announces expansion plans, to add 2K jobs

Hyderabad: Goldman Sachs, the American international banking and financial behemoth, has announced an expansion of its activities in Hyderabad, including the opening of a new eight-story building and an increase in personnel strength to 3,000.

The decision was made during a meeting on Wednesday in New York between IT and Industries minister KT Rama Rao, Goldman Sachs chairman and CEO David M. Solomon.

Goldman Sachs’ investment will help the banking, financial services, and insurance (BFSI) industry in Hyderabad grow even further, a press release said.

At present, the Goldman Sachs Hyderabad office employs 1000 people.

According to the most recent development plan, the firm will open its new eight-story headquarters in Hyderabad with 2,000 specialists, bringing the overall workforce strength to 3000.

The new office will become a center of excellence for consumer banking services, business analytics, and platform engineering, as well as an emphasis on emerging technologies such as Artificial Intelligence and Machine Learning, the press release further said.