Goldman Sachs Secures $70 Billion Retirement Asset Management Deals with Verizon and Lockheed Martin
Goldman Sachs has secured contracts to manage $70 billion in retirement assets for Verizon Communications and Lockheed Martin. The deals include $30 billion in pension funds and $40 billion in defined-contribution plans, reflecting a growing trend of large employers outsourcing complex portfolio management. This move supports Goldman's strategy to expand its stable revenue streams from asset management.
Topics: corporate investing Goldman Sachs outsourcing retirement assets