Goldman Sachs Group Inc. is planning to move some of its New York-based investment bankers to satellite offices in Dallas, Atlanta and other cities, The Wall Street Journal reported, citing "people familiar with the matter."
The company intends to deploy its specialized, industry-focused bankers in regional offices to call on clients geographically distant from New York, according to the report. The move is expected to not only reduce spending on bankers' commute to distant clients but also deepen Goldman's relationships with smaller companies.
Some of these moves could be announced in the coming days, the Journal noted.
Dave Eisman, a Goldman partner with clients including Nike Inc. and Petco Animal Supplies Inc., will reportedly move to Seattle, while Aasem Khalil, a partner and chemicals specialist, will be moving to Dallas. Telecoms bankers Dave Dase and Jason Rowe will also shift to Atlanta and Toronto, respectively, the publication reported.