Goldman Sachs to st up office in Poland, hire 500 people for its backoffice operations

Cities across the European Union have become prime destinations for international banks in the wake of Britain deciding to leave the European Union.

On Tuesday, Goldman Sachs stated it is looking to add 250 more staff to its roaster in Poland, while Standard Chartered stated it is toying with the idea of making Poland a new hub and plans on hiring 500 people from that country.

Poland, the largest country in the eastern part of the European Union, has seen phenomenal economic growth in the last decade and has proven itself to be an attractive destination for international banks and other companies, partly due to the availability of a cheap labor force.

As per a spokesman from Goldman Sachs, it is likely to significantly increase its Polish headcount to between 750 and 800 by the end of 2018, up from its current headcount of 525.

The new jobs will primarily cater to operations, risk management, human resources, technology, and treasury. Possible locations for offices in Polish cities include Budapest, Warsaw, Prague and Krakow.

Goldman Sachs said it will finalize the decision on the location of its Polish branch by the first quarter of 2018.

As per sources familiar with the matter at hand, Goldman Sachs is also set to sign a lease on a new office in Milan, as it prepares to boost its presence in EU cities in the wake of Brexit.


Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy

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