HYDERABAD: Global investment banking giant Goldman Sachs has opened its new centre of excellence (CoE) spread over 3.51 lakh sq ft in a nine-storeyed tower in the heart of Hyderabad’s IT district of Madhapur.
The CoE will focus on Goldman Sachs’ client onboarding efforts and will house its platform engineering and global enterprise partnerships teams.
With the opening of its new office and along with its existing Bengaluru office, India has the largest presence of Goldman Sachs globally outside its New York headquarters.
The company has a total headcount of over 9,000 in India today, of which about 1,500 are housed in Hyderabad in less than two years of its foray into the city. The new Hyderabad office has a capacity to accommodate 2,500 employees.
Goldman Sachs commenced its Hyderabad operations in March 2021 with functions across engineering, finance, human capital management and consumer business services, as well as opportunities across emerging technologies such as cloud computing, artificial intelligence, and machine learning.
Today, the new Hyderabad office comprises new hires and internal transfers from Bengaluru to ensure efficient knowledge transfer, culture orientation and to implement the firm’s talent seeding strategy, the company said, adding that 75% of its over 1,500 professionals based in Hyderabad are new hires.
Terming the company’s growth story in India as compelling, Goldman Sachs International chief executive officer Richard Gnodde said it had been enabled by India’s extraordinary talent.
“Over the last two decades, Bengaluru and Hyderabad have become integral to the firm’s global activities. Our new Hyderabad office is a testament to the firm’s continued commitment to Indian talent, which is world-class,” he said.
Gunjan Samtani, country head of Goldman Sachs Services India and global chief operating officer of engineering at Goldman Sachs, said in just two years, its teams in Hyderabad have established deep competencies driving enhanced client experience and revenue enablement for the firm, including through redesigning our engineering platforms and talent engagement processes.
This new Hyderabad office exemplifies our priorities of collaboration, innovation, sustainability and cutting-edge technology, and our commitment to enable our people to innovate locally and collaborate globally, Samtani added.
The CoE will focus on Goldman Sachs’ client onboarding efforts and will house its platform engineering and global enterprise partnerships teams.
With the opening of its new office and along with its existing Bengaluru office, India has the largest presence of Goldman Sachs globally outside its New York headquarters.
The company has a total headcount of over 9,000 in India today, of which about 1,500 are housed in Hyderabad in less than two years of its foray into the city. The new Hyderabad office has a capacity to accommodate 2,500 employees.
Goldman Sachs commenced its Hyderabad operations in March 2021 with functions across engineering, finance, human capital management and consumer business services, as well as opportunities across emerging technologies such as cloud computing, artificial intelligence, and machine learning.
Today, the new Hyderabad office comprises new hires and internal transfers from Bengaluru to ensure efficient knowledge transfer, culture orientation and to implement the firm’s talent seeding strategy, the company said, adding that 75% of its over 1,500 professionals based in Hyderabad are new hires.
Terming the company’s growth story in India as compelling, Goldman Sachs International chief executive officer Richard Gnodde said it had been enabled by India’s extraordinary talent.
“Over the last two decades, Bengaluru and Hyderabad have become integral to the firm’s global activities. Our new Hyderabad office is a testament to the firm’s continued commitment to Indian talent, which is world-class,” he said.
Gunjan Samtani, country head of Goldman Sachs Services India and global chief operating officer of engineering at Goldman Sachs, said in just two years, its teams in Hyderabad have established deep competencies driving enhanced client experience and revenue enablement for the firm, including through redesigning our engineering platforms and talent engagement processes.
This new Hyderabad office exemplifies our priorities of collaboration, innovation, sustainability and cutting-edge technology, and our commitment to enable our people to innovate locally and collaborate globally, Samtani added.