Goldman looks to expand wealth management

NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N) sees expanding wealth management as a key priority, Chief Executive Lloyd Blankfein said at a conference on Tuesday.

Many investment banks have been boosting their wealth management efforts as a way to win investment banking business, serve investment banking customers, and generate revenue from the growing ranks of the wealthy.

(Reporting by Joseph A. Giannone, writing by Dan Wilchins, editing by Gerald E. McCormick)