What is the risk reward decision guiding Goldman Sachs to open up offices in smaller cities?
Monkeys, I was going through this article on Business Insider about how GS was spending money to open up in new offices in Atlanta, Dallas, Seattle, and Toronto. It apparently sees around $500 mn. in fees from deals happening in these cities.
Bank of America Merrill Lynch presentation. That's more than the fees netted in most of Asia, the Middle East, and Latin America combined.Middle-market companies in the US and Canada paid $8.2 billion in deal fees in 2015, according to a
I am just wondering as to who makes the final call on such kind of decisions? When they choose to set up their presence, would they transfer staff out of their existing offices or make new hires?