Goldman Sachs Come First In RM Producer Race - Media

Editorial Staff

7 May 2018

Relationship managers at Goldman Sachs handle on average three times the average amount among their peers in Asia, according to media reports, suggesting there is a drive by wealth firms to boost productivity.

On average, RMs in Asia oversaw an average of $341 million each, Bloomberg reported, citing industry figures. Among Goldman Sachs RMs, however, each banker handled about three times that figure . This is followed by Citi, at $715 million, then JP Morgan and China Merchant . By comparison, RMs at Pictet oversee an average of $320 million per RM.

In Switzerland, each relationship manager delivers 25 per cent more revenue on average than those in Singapore and Hong Kong, according to Scorpio Partnership, as cited by the report.

The story did not state what each Goldman Sachs banker of comparable type oversaw in the US. This news service has contacted the US-headquartered firm about the matter and may update in due course.