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Goldman Sachs is substantially increasing the number of people it employs in Warsaw - but many of the new recruits are likely to be Poles.

Goldman Sachs is hiring 250-300 mostly local people in Warsaw

Goldman Sachs intends to add 250 to 300 people in Poland - a 50% to 60% increase on current staffing levels in its Warsaw hub.

The news is due to be announced today at an event for local Polish students and media. Brent Watson, head of Goldman's operations in Warsaw, says the new recruits are part of Goldman's, "longstanding strategic focus on Poland and commitment to provide 24 hour coverage to our clients."

Goldman Sachs opened a Warsaw office in 2011 and began to expand it rapidly in 2013, with a focus on technology and operations staff. As the office expands further, Watson says additional functions like risk, finance, human capital management and securities division strats will also be housed in Poland. As we noted previously, by housing securities strats jobs in Poland, Goldman is edging Warsaw away from being a purely middle office hub.

Goldman Sachs currently has around 60 job vacancies in Poland. This compares to around 100 job vacancies in London. As a centre for fast-growing technology and strats jobs, Warsaw stands to be one of the fastest growing Goldman offices in Europe - irrespective of Brexit.

Watson says Goldman's Warsaw office is, "primarily focused on local hires," and that the bank is, "active on campuses across Poland," where it's on the look out for candidates with, "a background in economics, computer science, and finance, but also liberal arts." However, there will be openings for more experienced staff in Warsaw too, and here Stein says Goldman will, "offer opportunities to GS employees in other offices looking to develop their career through internal mobility."

Last week, it was revealed that Goldman Sachs is creating 80 new jobs in Milan and that 40 jobs being shifted from London to mainland Europe.

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Photo credit: Getty bodrumsurf

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AUTHORSarah Butcher Global Editor
  • ma
    margaret
    7 December 2017

    Joerg, this is a very racist and stereotypical comment. Please note, English version of Warszawa is Warsaw, not Warschau. You seem to be one of those "friendly" Germans....

  • bk
    bkr
    6 December 2017

    Hi Joerg, in Warsaw color of your skin doas't metter. Warsaw is home for lot of asians, afroamericans, east europeans and it;s one of safest country in the world.

  • ul
    ulan.battor
    5 December 2017

    Fantastic, Warsaw is rocking, love the nightlife there.

  • jo
    joerg.b
    5 December 2017

    Warschau is pretty amazing now, it has type of dynamics found in Asia not in sleepy Europa. One problematic issue is that if you are not of white color, it is not a place for you.

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