A Goldman Sachs leader is relocating to Dallas in an effort to develop the company’s transaction banking platform according to a Dallas Business Journal article from January 7th. In it they say:
“A Goldman Sachs leader is moving to Dallas to grow its transaction banking vertical, with plans to make the city its second major hub for the line of business in 2021. Chad Wallace is relocating from New York City to act as global head of digital product and design in Goldman Sachs’ transaction banking business. The global financial services giant will soon start hiring in Dallas to bulk up the team, and comes during a time when the company is making an effort to grow in low-cost areas of the country like North Texas.”
Earlier last year, Goldman Sachs had moved staffer to Dallas and other key U.S. cities according to a Dallas Morning News article published on June 11, 2020. In it they say:
“Goldman Sachs Group Inc. plans to start the long-awaited return of its U.S. workforce this month, following a strategy of incremental restaffing that it rolled out in locations abroad where the coronavirus pandemic has slowed. The Wall Street investment bank will bring back an initial group of employees on June 22 to offices in Dallas, New York, Jersey City and Salt Lake City, the company’s leaders told staff in a statement posted online Wednesday. Eligible workers will be notified in advance, if they haven’t been already, and must complete a health questionnaire. The timing for other U.S. offices remains uncertain.”
This is just the latest in the slew of business expansions and relocations to North Texas that started last year.