Discover your dream Career
For Recruiters
Goldman Sachs' new Paris office is open, and it's hiring.

Goldman Sachs is hiring 50 more traders in Paris

Goldman Sachs has occupied its new office at 83 Avenue Marceau Paris. The news was announced yesterday in a flurry of articles on French media and posts on LinkedIn.

Goldman now has nearly 400 people in France, up from only 100 in the pre-Brexit days of 2015. The new office, which encompasses 9,000 m2 over six floors can accommodate 500 people. 100 new hires are possible, and in sales and trading 50 are already planned. 

Marc d'Andlau, head of market activities in France told Le Figaro that Goldman plans to add salespeople and traders in Paris over the next 18 months: "We are 150 and will be at least 200 by the end of 2023." Since 2018, d'Andlau said global markets headcount in Paris has increased fivefold. This is mostly thanks to French natives moving from Goldman in London and sometimes Hong Kong, but also due to recruitment from rivals in France, including SocGen, BlackRock and hedge fund Qube Research and Technologies. 

In IBD, Goldman's Paris office is the European hub for various banking teams, including FIG, real estate and logistics. It also deals with corporate risk management solutions, asset management and private wealth management. Thierry Sancier, partner and pan-European head of client coverage at Goldman Sachs, told Le Figaro that while the UK remains the key hub for banking in Europe, there has been "a shift in the balance with the very strong rise of the Parisian market."

Pierre Hudry, head of Goldman Sachs in Paris, said the dynamic growth in France reflects the strategic ambition of French corporates, the dynamism of French markets and the attractiveness of Paris as a location. "We're playing an important role in financing French technology companies, with more than $2.5bn of investment via our private equity funds in the sector over a period of five years."

Banks have been adding traders to their European Union hubs as a result of the European Central Bank's so-called 'Desk Mapping Exercise,' which is designed to ensure banks have sufficient people to manage risk on the ground in Europe, instead of simply engaging in back-to-back trades that transfer the risk back to traders in London.

Alongside Hudry and d'Andalau, people to know at Goldman in Paris include Thierry Sancier (head of EMEA investment banking services) and Camille de Lamotte (head of private capital origination). In wealth management, there's also Charles-Louis d’Orléans, the Duke of Chartres. 

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for jobs in technology and finance. 

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

 

author-card-avatar
AUTHORSarah Butcher Global Editor

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Jobs
Credit Flow Trader - London
London, United Kingdom
Alexander Ash Consulting
IT Programme Manager / RTE – Market Data
Alexander Ash Consulting
London, United Kingdom
Jupiter Asset Management Ltd
Analyst - Emerging Market Debt
Jupiter Asset Management Ltd
London, United Kingdom
US Execution Trader
Tavira Financial Limited
London, United Kingdom
Eton Clarke
EUR Financials Credit Trading - London
Eton Clarke
London, United Kingdom