Goldman Sachs opens CoE in Hyd

Global investment banking and investment management firm, Goldman Sachs opened its new office in the city. The office will be a Center of Excellence (CoE) for the firm’s client onboarding efforts and will house platform engineering and global Enterprise Partnerships. Located at Salarpuria Sattva Knowledge City, the office is spread across 3.51 lakh sft with a capacity to accommodate around 2,500 professionals.

The firm’s Hyderabad operations took off in March 2021 with functions across engineering, finance, human capital management and consumer business services. The office comprises new hires and internal transfers from Bengaluru. Currently, there are over 1,500 professionals in Hyderabad of which over 75 per cent are new hires.

After inaugurating the new office, K T Rama Rao, Telangana IT minister said, “I am pleased to inaugurate Goldman Sachs’ new long-term office in Hyderabad after they first established presence here in 2021. This will contribute to our existing vibrant ecosystem of global companies and startups here and create global opportunities for the local talent.”

On the company’s presence in Hyderabad, Gunjan Samtani, Country Head, Goldman Sachs Services India, said: “This new office demonstrates our commitment to enable our people to innovate locally and collaborate globally. In just two years, our teams in Hyderabad have established deep competencies driving enhanced client experience and revenue enablement for the firm, including through redesigning our engineering platforms and talent engagement processes.”

Jayesh Ranjan, Telangana IT Principal Secretary, Kevin Sneader, president of Asia Pacific at Goldman Sachs, Sonjoy Chatterjee, Chairman and Chief Executive Officer of Goldman Sachs in India, Ravi Krishnan, Chief Administrative Officer of Goldman Sachs Services India, local industry delegates and the firm’s employees, were also present.