Goldman Sachs Private Wealth Management announced on Wednesday February 16 the opening of an office in Monaco. The private banking division of the American establishment has recruited three experienced employees – Arnaud Caussin, Thibaut Lambert and Serge Olive – to meet the expectations of its customers in the region.

“Globally, growing its private banking business is a strategic priority for Goldman Sachs,” affirms the group in a press release, specifying that its ambition is to extend its offer to customers in the Europe, Middle East and Africa region and therefore to develop its teams accordingly.

“The opening of our presence in Monaco is essential to the realization of our regionalization strategy and our general development. Monaco represents an important jurisdiction for our private banking activity in Europe,” said in a press release Chris French, co-head of private banking at Goldman Sachs for the Europe Middle East & Africa (EMEA) region. The American bank has made the growth of its private banking activity one of its priorities for the years to come. In this perspective, it counts ” mean “ increase its offer to customers in the EMEA region and “develop your teams accordingly”can we read in the missive.

Three rookies

Arnaud Caussin will hold the position of co-head of Goldman Sachs Monaco SAM. He joined the American bank in 2021 to prepare for the opening of the Monegasque branch. Before that, he spent 22 years at Barclays in Monaco. Arnaud Caussin graduated in 1996 with a master’s degree in finance from Skema Business School in Nice and from Hogeschool Holland University in Amsterdam.

Thibaut Lambert is also appointed co-head of Goldman Sachs Monaco SAM. He also joined the wealth management establishment last year to prepare for the opening of the office on the Rock. Prior to joining Goldman Sachs, he worked at Barclays as Managing Director from 2003 to 2021. Earlier in his career, he worked at Julius Baer Group from 1998 to 2003, where he was responsible for a management unit of assets. Thibaut Lambert obtained a master’s degree in economics and financial engineering from the University of Nice Sophia Antipolis in 1998.

Serge Olive will hold the position of private wealth advisor. He holds a Masters in International Business and a Graduate Diploma in Business Administration (GDBA) from the Institute of Business Administration (IAE) in Nice. He also obtained a banking DEES, specializing in the Monegasque banking sector in 2012.