Exchanges at Goldman Sachs is a podcast where experts from around the firm discuss developments shaping industries, markets and the global economy
Olympia McNerney of Goldman Sachs’ Investment Banking Division talks about the continued momentum behind SPACs as an alternative path for companies to raise money in the public markets.
Jan Hatzius, Goldman Sachs’ chief economist, talks about why his team continues to forecast above-consensus growth for 2021, despite the weak US jobs report for December.
Joe Wall of Goldman Sachs’ Office of Government Affairs explains what’s included – and what’s not – in the US’ second stimulus package of 2020.
Drew Pavlovich of Goldman Sachs’ Consumer and Wealth Division recaps a historic year in financial markets and talks about how clients are positioning their portfolios going into 2021.
Gregg Lemkau, co-head of the Investment Banking Division, reflects on how the industry and the firm have changed – and stayed the same – since he joined Goldman Sachs in 1992.
Moran Forman of Goldman Sachs’ Global Markets Division gives her take on how institutional investors are viewing market pricing and volatility going into the last few weeks of the year.
Scott Rubner of Goldman Sachs' Global Markets Division breaks down the record-setting November in equity markets and talks about investor sentiment going into year-end.
Andrew Tilton, chief Asia-Pacific economist for Goldman Sachs Research, talks about his team’s economic outlook for Asia-Pacific in 2021, and why they’re forecasting above-consensus growth.
Wolfgang Fink, CEO of Germany and Austria for Goldman Sachs, talks about why Germany’s economy has weathered the pandemic better than that of many of its European neighbors and what’s ahead on the road to recovery.
David Kostin, Goldman Sachs Research’s Chief U.S. Equity Strategist, looks back at an events-heavy week and what it means for markets in the days ahead.
Salveen Richter, lead analyst for the US Biotechnology sector in Goldman Sachs Research, talks about Pfizer’s clinical-trial results for its COVID-19 vaccine and the obstacles that still lie ahead for FDA approval and widespread distribution.
Ashok Varadhan, global co-head of Goldman Sachs’ Global Markets Division, on how markets have moved in response to the US election and what investors expect in terms of economic growth and policy agendas looking ahead.
Amelia Garnett of Goldman Sachs' Global Markets Division talks about the key conversations she's having with investors ahead of the November 3rd election.
Jason Granet, head of the firm’s LIBOR transition effort, gives an update on the timing and impact of the industry-wide transition away from the London Inter-bank Offered Rate (LIBOR).
Tony Pasquariello of Global Markets gives an update on US equity performance and why 2020 has seen so much trading activity.
Charlotte Keenan, head of the Office of Corporate Engagement’s international responsibilities, talks about how small businesses in the UK are pivoting and persevering through the pandemic.
Jason Mathews of Goldman Sachs’ Global Markets Division explains what the futures market indicates about investors’ outlook for the election and another round of U.S. fiscal stimulus.
Mike Moran, senior pension strategist for Goldman Sachs Asset Management, discusses how COVID-19 and the resulting market volatility have impacted defined benefit pension plans and participants in defined contribution plans, and what to consider going forward.
Erin Riley of the Markets Coverage Group in Private Wealth Management discusses the two key milestones her clients are watching: the U.S. election and the potential for a COVID-19 vaccine.
Jennifer Roth of Goldman Sachs’ Global Markets Division talks about how emerging-market economies are trying to steer their way toward a recovery, and how investors are responding to those efforts.
Faryar Shirzad, global head of Goldman Sachs’ Office of Government Affairs, gives an overview of the moving parts and pieces of tech policy today and explains why these issues don’t fall clearly down political party lines.
Heather Bellini and Piyush Mubayi of Goldman Sachs Research discuss consumers’ social media consumption in the U.S. and Asia. Then, Jane Dunlevie from the Investment Banking Division discusses the state of play among her social media clients.
Brett Feldman of Goldman Sachs Research, Adam Agress of Goldman Sachs Asset Management, and Alekhya Uppalapati of the Investment Banking Division talk about the rise of streaming and how movie theaters are adapting to the current environment.
Tony Pasquariello of Goldman Sachs' Global Markets Division explains how major stock market indices have backtracked somewhat from record highs in August – and why investors aren’t getting too worked up about it.
Three interns from the firm’s first virtual intern class share their perspectives with Bentley de Beyer, global head of Human Capital Management.
Dominic Ashcroft and Luke Gillam, co-heads of EMEA Leveraged Capital Markets in Goldman Sachs’ Investment Banking Division, talk about the “cautiously optimistic” sentiment among corporate clients.
Goldman Sachs' Chief Strategy Officer Stephanie Cohen talks with three Launch with GS CEOs about their founder journeys and lessons learned while leading through times of crisis.
Michael Cassell of Goldman Sachs' Global Markets Division talks about the cautious optimism with which investors are viewing the current equity market rally.
Katie Koch, co-head of the Fundamental Equity business within Goldman Sachs Asset Management, talks about why diversity gives investing teams a competitive edge.
In this episode of our Venture Capital Horizon series with Heath Terry of Goldman Sachs Research, we dive into the future of e-commerce and the adoption of robotics in everything from manufacturing to packaging and delivery.
Mike Siegel of Goldman Sachs Asset Management summarizes key investment trends from GSAM’s 2020 Insurance Report.
Steve Strongin discusses the future of ESG investing, based on a new report from Goldman Sachs Research.
Tony Pasquariello of Global Markets recaps the historic market rally of Q2 and institutional investors’ outlook for Q3.
Kristin Olson of the Consumer and Investment Management Division explains where investors are finding value in alternative asset classes.
Tim Ingrassia of Goldman Sachs Investment Banking Division provides an update on M&A trends.
Hari Moorthy, head of Transaction Banking, talks about how transaction banking is disrupting legacy technologies.
Lizzie Reed of Goldman Sachs’ Investment Banking Division gives an update on what’s been driving investor interest in equity markets.
Steve Strongin discusses a new framework for investing after COVID-19.
Tony Pasquariello of Goldman Sachs’ Global Markets Division provides an update on how investors are reacting to the gradual re-opening of the U.S. economy.
Margaret Anadu, head of the Urban Investment Group, provides an update on the $500 million Goldman Sachs has committed in lending capital for small businesses.
Terry Hagerty of Goldman Sachs’ Investment Banking Division talks about how COVID-19 has impacted the outlook for housing and the broader building products sector.
As volatility continues in the public markets, Meena Flynn of Goldman Sachs’ Consumer and Investment Management Division gives her analysis on the latest swings and explains how investors with permanent capital are positioning themselves.
Goldman Sachs Chairman and CEO David Solomon shares his views on the pandemic and the economic impact, alongside other of the firm’s senior leaders.
Margaret Anadu of Goldman Sachs’ Urban Investment Group talks about how the pandemic is impacting small businesses in the US, and three entrepreneurs and graduates of Goldman Sachs’ 10,000 Small Businesses program share their personal stories.
Anne Marie Darling of Goldman Sachs’ Global Markets Division analyzes the S&P 500 index’s historically fast fall into bear market territory.
In an effort to provide timely and valuable updates regarding ongoing market volatility and potential economic impacts, we’re sharing a “Market Update” call hosted by our Investment Banking Division.
Goldman Sachs’ top economists and strategists discuss revised forecasts for the US economy and the outlook for stimulus programs.
Joe Montesano, head of Americas Equity Trading for Goldman Sachs, analyzes how the coronavirus pandemic continues to add volatility to financial markets.
Goldman Sachs’ global medical director, Dr. Michael Rendel, talks about the firm’s response to the coronavirus pandemic and shares advice for how individuals can stay healthy and productive while working remotely.
The oil price war that contributed to the recent stock market plummet represents a structural shift in the energy market that will have lasting repercussions for producers around the globe, says Goldman Sachs Research’s Jeff Currie.
Heath Terry of Goldman Sachs Research shares the latest from his Venture Capital Horizons report where he dives into the emerging field of computational biology.
Sean Legister of Goldman Sachs’ Global Markets Division shares his story as well as the story behind Breakfast Bites, a monthly discussion connecting black colleagues and senior leaders.
Steve Strongin and Jan Hatzius on the lessons we can learn from past global market shocks.
Sharmin Mossavar-Rahmani on why she’s telling clients to stay invested in the stock market.
Goldman Sachs CFO Stephen Scherr reflects on the firm’s first-ever Investor Day and the firm’s forward strategy.
Goldman Sachs’ Michele Della Vigna explains his latest research on the future of energy in the age of climate change.
David Kostin, the firm’s chief US equity strategist, discusses what’s ahead for US equities in 2020.
John Goldstein of Goldman Sachs discusses the firm’s sustainability goals over the next 10 years and explains the commercial opportunity across two core themes–climate transition and inclusive growth. Listen Now
Marshall Smith, global head of healthcare investment banking at Goldman Sachs, discusses how healthcare corporations are driving growth amid macro and industry-specific uncertainty. Listen Now
From the 2019 Builders + Innovators Summit, Goldman Sachs’ Jake Siewert and Gregg Lemkau join two founders to hear their stories and talk about the current environment for entrepreneurship. Listen Now
Goldman Sachs’ Will Connolly, Spotify CFO Barry McCarthy, and Latham & Watkins partner Greg Rodgers discuss direct listings and what companies are considering when raising capital in the public markets. Listen Now
Goldman Sachs’ David Solomon reflects on his first year as CEO, along with key priorities looking ahead. Listen Now
A conversation with Dane Holmes, Goldman Sachs’ head of Human Capital Management, and two recent interns. Listen Now
Why Does Goldman Sachs President and COO John Waldron View Himself as COO First and President Second?
John Waldron demystifies his dual-role as Goldman Sachs President and COO. Listen Now
Marty Chavez of Goldman Sachs discusses how technology is re-shaping the future of financial services. Listen Now
In a special episode featuring Goldman Sachs’ newest podcast, Top of Mind at Goldman Sachs, Allison Nathan of Goldman Sachs Research interviews experts to dive into the divergence between falling bond yields and rising equity prices. Listen Now
Prachi Mishra, India chief economist for Goldman Sachs Research, Goldman Sachs, discusses the drivers behind India’s economy. Listen Now
Heath Terry of Goldman Sachs Research explains how ride-hailing and new businesses are poised to fuel a $7 trillion global mobility market. Listen Now
Heather Shemilt and Tom Leake of the Goldman Sachs Securities Division discuss the evolution of systematic investing and what’s next for the industry. Listen Now
Back in 1999, Goldman Sachs’ Kathy Matsui first published research on “Womenomics” which explored the impact of women’s labor force participation in Japan on the country’s GDP growth. Now 20 years later, she reflects on the progress that has been made and where challenges remain. Listen Now
Margaret Anadu, head of Goldman Sachs’ Urban Investment Group, explains the latest in opportunity zone investing and the role of private capital in revitalizing America’s low-income communities. Listen Now
Steve Strongin of Goldman Sachs Research explains the findings of a new report from Goldman Sachs’ Global Markets Institute, titled “What the Market Pays For.” Listen Now
Greg Olafson and Nishi Somaiya of Goldman Sachs’ Securities Division discuss how private capital markets – in particular, direct lending to middle market companies – have evolved in Europe in the wake of the global financial crisis. Listen Now
Kevin Daly of Goldman Sachs Research discusses what’s next for emerging markets across the globe and specifically hones in on the CEEMEA region – Central and Eastern Europe, Middle East and Africa. Listen Now
Richard Manley of Goldman Sachs Research explains why integrating ESG is becoming a “business imperative” for asset managers, why Europe is leading other regions in ESG investing and much more. Listen Now
Andrew Wilson, CEO of Goldman Sachs Asset Management for Europe, the Middle East and Africa, discusses Europe’s investing environment against a backdrop of macro and political uncertainty. Listen Now
Lotfi Karoui of Goldman Sachs Research explains what today’s credit markets indicate about the likelihood of a US recession. Listen Now
Pierre Hudry, head of the Paris office for Goldman Sachs, discusses the key considerations for his investment banking clients in France, from geopolitical uncertainty to increasing shareholder activism to market stability. Listen Now
Jo Hannaford of Goldman Sachs’ Technology Division discusses tech disruption in Europe and how companies are innovating amidst political and regulatory constraints. Listen Now
Backed by big tech companies, venture capital investment in China exceeded North American VC for the first time in 2018, bringing Chinese business models to a stage and scale that “the entire world needs to pay attention to” says Piyush Mubayi. Listen Now
Making a comeback alongside higher spot prices this year will be the rapid growth in US shale, says Jeff Currie, with new pipeline capacity unlocking supply from the Permian Basin and re-anchoring the market around a fast-cycle, lower-cost New Oil Order. Listen Now
From the 2018 Builders + Innovators Summit, Dan Dees of Goldman Sachs’ Investment Banking Division joins entrepreneurs Jen Rubio of Away and Josh Hoffman of Zymergen to discuss what it’s like to start and scale a business. Listen Now
Goldman Sachs’ Stephanie Hui discusses China’s healthcare sector and where investors are eyeing opportunities. Listen Now
Goldman Sachs’ Amanda Hindlian and Sandra Lawson discuss the Global Markets Institute’s new report, entitled Closing the gender gaps: Advancing women in corporate America. Listen Now
Goldman Sachs’ Beth Hammack and Jason Granet talk through what the London Interbank Offered Rate (LIBOR) is, what went wrong with LIBOR and now why the financial industry is moving away from the interest rate. Listen Now
Alberto Gandolfi of Goldman Sachs Research joins us to talk through Europe’s sustainable energy transformation, from the declining costs of wind and solar power to the growth in electric vehicles and more. Listen Now
Sheila Patel, CEO of International Goldman Sachs Asset Management, discusses tailwinds and headwinds facing the asset management industry, including opportunities remaining for emerging market investment, ESG’s continued growth, sovereign wealth funds’ shift toward transparency and more. Listen Now
Marc Nachmann, co-head of the Goldman Sachs Investment Banking Division, joins us to talk through the key factors shaping Europe’s business climate, from corporate simplification to global trade tensions to increased scrutiny in the tech sector. Listen Now
Asia’s private equity market is reaching a scale the world has never seen before, according to Alison Mass and Brian DeCenzo of the Goldman Sachs Investment Banking Division, who share their impressions from a recent business trip to meet with clients in Asia. Listen Now
As part of our closer look at emerging economic and market themes in Europe, Sharon Bell of Goldman Sachs Research discusses the performance of European equities, exploring why growth stocks are outperforming value, how populism impacts markets, what activists see in Europe, and the outlook for the region’s stocks through the rest of the year. Listen Now
Is there a bubble in technology? Even with recent stumbles in some of tech’s biggest names, the sector’s market value dominates global stock indexes. But Goldman Sachs Research’s Peter Oppenheimer argues that today’s elevated tech values bear marked differences with tech frenzies of the past. Listen Now
As part of our close-up look at European economic and business trends, Goldman Sachs’ Wolfgang Fink discusses how Germany’s historically strong economy is undergoing a transformation adapting to the digital age. Listen Now
Adam Dell of Marcus by Goldman Sachs on how smartphones, big data and simplicity are disrupting the personal finance landscape in this episode of our podcast, Exchanges at Goldman Sachs. Listen Now
Rising trade tensions with the US should not obscure the importance of China’s progress in transforming its economy and opening its markets, says Goldman Sachs Research’s Tim Moe. Listen Now
Michael Moran, pension strategist in Goldman Sachs Asset Management, explains pensions’ rise in the US after World War II, their more recent decline and why individuals will carry a greater burden of retirement savings in the future. Listen Now
From subscription services with generous discounts on concessions to comfier theaters, the film industry is moving aggressively to get more people off their sofas and to the box office. GS Research’s Drew Borst explains. Listen Now
Heather Bellini of Goldman Sachs Research explains how Extended Reality (XR) will change our lives, and why the e-commerce & consumer sectors will be its biggest beneficiaries in the years ahead. Listen Now
As cryptocurrency volatility continues, Steve Strongin, Charlie Himmelberg and Jeff Currie of Goldman Sachs Research reaffirm their cautious stance on the long-term viability of bitcoin and other first-generation cryptocurrencies on this episode of the firm's podcast, Exchanges at Goldman Sachs. Listen Now
Jeff Gido, global head of Goldman Sachs’ financial technology sector within the Investment Banking Division, shares his views on where we are in the “three waves of fintech” and what we can expect from next-generation fintech business models. Listen Now
Steve Strongin and Amanda Hindlian of Goldman Sachs’ Global Investment Research Division discuss the state of small businesses in America, and owners from the Goldman Sachs 10,000 Small Businesses program share their biggest challenges to growth. Listen Now
Francesco Garzarelli, co-chief markets economist of the Global Macro Research team, discusses the drivers of recent market volatility and how investors are viewing a strong US macroeconomic backdrop amidst expectations that the Fed will continue to raise interest rates. Listen Now
Sharmin Mossavar-Rahmani, chief investment officer of the Goldman Sachs Investment Strategy Group, discusses the push and pull between steady economic fundamentals and unsteady undertows in the context of her team’s investment outlook for the year, titled (Un)Steady as She Goes. Listen Now
Gonzalo Garcia, co-head of the Global Natural Resources Group in Goldman Sachs' Investment Banking Division and co-head of Latin America for the firm, discusses how CEOs are responding to the secular shift toward renewable energy and also explains why clients are bullish on investment in Latin America on our podcast, Exchanges at Goldman Sachs. Listen Now
With tax reform checked off, what’s next on the US political agenda? Alec Phillips, Goldman Sachs Research’s chief US political economist, weighs in on the outlook for financial deregulation, infrastructure spending, NAFTA, and more on the latest episode of our podcast, Exchanges at Goldman Sachs. Listen Now
Heath Terry of Goldman Sachs Research discusses the state of venture capital today, what trends are in focus for early-stage investors and what it all means for established businesses on our podcast, Exchanges at Goldman Sachs. Listen Now
Anthony Gutman of the Goldman Sachs Investment Banking Division discusses the European deal-making landscape on the latest episode of our podcast, Exchanges at Goldman Sachs. Listen Now
Richard Ramsden of Goldman Sachs Research explains what tax reform, regulatory change and technological innovation could mean for the US financial services industry on our podcast, Exchanges at Goldman Sachs. Listen Now
Stefan Burgstaller of Goldman Sachs Research explains what the growth of ride-hailing platforms could mean for the automotive industry on our podcast, Exchanges at Goldman Sachs. Listen Now
Hugh Lawson of Goldman Sachs Asset Management is joined by Elizabeth McGeveran of the McKnight Foundation and Scott Brown of New Energy Capital to discuss sustainable investing on our podcast, Exchanges at Goldman Sachs. Listen Now
Harvey Schwartz, president and co-COO of Goldman Sachs, shares his journey from ‘Jersey kid’ to becoming one of the firm’s most senior leaders on our podcast, Exchanges at Goldman Sachs. Listen Now
David Solomon, president and co-COO of Goldman Sachs, discusses the rise in passive investing, how technology is making the world more competitive and his 35-year career on Wall Street in this episode of Exchanges at Goldman Sachs. Listen Now
José Manuel Barroso, chair of Goldman Sachs International, discusses European integration and the challenges and opportunities posed by globalization on our podcast, Exchanges at Goldman Sachs. Listen Now
Paul Russo of the Goldman Sachs Securities Division discusses how technology and regulation have changed how equity markets operate and how investors generate returns on our podcast, Exchanges at Goldman Sachs. Listen Now
On the latest episode of our podcast, Exchanges at Goldman Sachs, Goldman Sachs Research’s Matt Fassler discusses the path forward for brick-and-mortar stores in the e-commerce era. Listen Now
Lisa Yang of Goldman Sachs Research is joined by Marc Geiger of William Morris Endeavor and Patrick Spence of Sonos to talk music’s “second digital revolution” on our podcast, Exchanges at Goldman Sachs. Listen Now
Richard Gnodde, vice chairman of Goldman Sachs and CEO of Goldman Sachs International, talks Brexit and its impact on the European business environment on our podcast, Exchanges at Goldman Sachs. Listen Now
Hugo Scott-Gall, Lindsay Drucker Mann and Christopher Wolf of Goldman Sachs Research discuss differences between the generations that make up the bulk of US consumption on our podcast, Exchanges at Goldman Sachs. Listen Now
Michael Ronen and Dave Dase of the Goldman Sachs Investment Banking Division discuss the emergence of technology companies as key players in the media and telecom industries on this episode of our podcast, Exchanges at Goldman Sachs. Listen Now
On the this episode of our podcast, Exchanges at Goldman Sachs, John Goldstein of Goldman Sachs Asset Management explains why more and more money managers view environmental, social and governance factors as essential to a rigorous investing approach. Listen Now
Goldman Sachs Global Investment Research’s Steve Strongin and Charlie Himmelberg discuss market participants’ concerns of a liquidity drought, why market liquidity matters and what can be done to restore it. Listen Now