The meeting showcased Goldman's new pipeline for ultra-rich founders, enabling them to convert illiquid stakes into cash for luxury assets, emphasizing a focus on wealth management.
"We’re sticking to our knitting," says Scher, highlighting Goldman's strategy to return to its core services while simultaneously developing new growth businesses within existing ones.
Somaiya's clients, averaging $70 million in net worth, find 90% of their wealth tied up in company shares, prompting the need for innovative financial solutions.
The Builders & Innovators event aimed at bolstering engagements with seasoned entrepreneurs, reinforcing Goldman's commitment to servicing the ultra-rich's complex financial needs.
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