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Funds News

Goldman Sachs plans to close Geneva office -spokesman

ZURICH, March 21 (Reuters) - Goldman Sachs is looking to close its Geneva private banking branch, a spokesman for the U.S. bank said on Monday.

The spokesman confirmed the proposed closure first reported by Swiss finance website finews.ch and said that the bank remains committed to keeping a Swiss presence through its Zurich office.

A consultation period on the closure of the Geneva office, which has 18 employees, is expected to be completed towards the end of the third quarter. (Reporting by Joshua Franklin; Editing by David Goodman)

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