If you want to get in from the start as Goldman Sachs expands its Frankfurt office, we can point you in the direction of an executive director (ED) who has turned up in Frankfurt to grow the Goldman team.
The ED in question is Alexander Kretzberg, a fast-tracked Goldman Sachs ED who spent six years in London before arriving in Frankfurt two months ago. Kretzberg says his mandate is to grow the financing group within Goldman Sachs' investment banking division for Germany, Switzerland and Austria.
Goldman Sachs' financing group deals with acquisition financing, derivatives structuring and risk management for large and medium sized organisations, private equity funds and institutions. Goldman executives have regularly discussed the potential for big growth in the German market as the country moves away from a financing system based upon loans, to one based upon the "disintermediation" of Germany's traditional banking sector and a shift towards capital markets.
In this sense, Kretzberg appears to be on the front line of Goldman's German expansion plans. GS says his arrival in Frankfurt has nothing to do with Brexit - although he may well count among the more than 400 people whom the U.S. bank is understood to be moving out of London as a result of the U.K. leaving the EU.
As we've noted before, Goldman doesn't have very many managing directors in Frankfurt, making it a good place to go if you want to get ahead. Kretzberg already seems to be on a fast-track with the firm: he joined in 2012 after graduating in the top 2% of his class from German business school WHU and was made executive director (one rung below managing director) last December.
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