Bloomberg

Goldman readies a hiring spree and capital to meet its China ambitions

David Solomon, chief executive officer of Goldman Sachs, speaks during a panel discussion at the Bloomberg New Economy Forum in Beijing on Nov. 21, 2019. Foto: Bloomberg photo by Takaaki Iwabu

The news swept through Goldman's offices around China, changing everything.

On a Friday afternoon in late 2017, an official in Beijing announced that the world's most populous nation would let Wall Street banks expand across its markets. Goldman had spent more than a decade waiting in frustration for that chance. Regional bosses including James Paradise and Todd Leland urgently worked the phones, pinning down details to inform headquarters in New York...

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