|
The decision follows moves by Swiss banking giants UBS and
Credit Suisse to expand their operation centers in Poland,
seeking to benefit from the country's relatively inexpensive and
skilled labor force.
"In a strategic decision, the firm will now expand its footprint
in Warsaw," said Goldman Sachs spokesman for central and eastern
Europe, Adib Sisani.
"The expansion will be realized in a phased approach over the
next three years to an office size of several hundred
employees," he said.
Goldman Sachs technology units are providing services for
clients to support their sales, trading, banking, investment
management and investment research operations, the bank said.
The units also support Goldman's own legal, compliance and human
resources management.
Poland, an European Union member since 2004, is central and
eastern Europe largest economy. The country has enjoyed
uninterrupted economic growth over the last two decades, but the
average corporate wage is less than a third of its equivalent in
Germany.
Goldman Sachs has had an office in Warsaw since 2011, including
a small technology unit.
(Reporting by Marcin Goettig and Pawel Florkiewicz; Editing by
Keith Weir)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed. |
|
