The 鈧�1.7 billion agreement will integrate NN Investment Partners into Goldman Sachs Asset Management (GSAM), with the Netherlands becoming an important location in Goldman Sachs鈥� European business and a 鈥榗entre of excellence鈥� for sustainability in public markets investing.
It will bring Goldman Sachs鈥� assets under supervision to approximately US$2.8 trillion and assets under supervision in Europe to over US$600 billion, advancing the firm's ambitions to expand its global presence.
Commenting on the announcement, David Solomon, chairman and CEO of Goldman Sachs, says: 鈥淭his acquisition advances our commitment to put sustainability at the heart of our investment platform. It adds scale to our European client franchise and extends our leadership in insurance asset management.
鈥淲e are excited to welcome the talented team at NN Investment Partners, a centre of excellence in sustainable investing, to Goldman Sachs and together we will focus on delivering long-term value to our clients and shareholders.鈥�
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