https://arab.news/2tnzs
RIYADH: Goldman Sachs Asset Management is engaged in “productive” talks with ’s sovereign wealth fund, according to a top executive.
In an interview with Asharq Bloomberg on the sidelines of the Future Investment Initiative 9, James Reynolds, the global co-head of Goldman Sachs Asset Management, outlined the firm’s strategic approach to partnerships in the region, emphasizing the importance of a measured, long-term perspective.
Reynolds confirmed that the firm is in “productive discussions” with the Public Investment Fund and other key regional companies. He stressed that establishing a local team on the ground is considered “crucial” for building successful partnerships.
“A successful partnership requires a long-term perspective and patience,” Reynolds said. “We often advise our investors that we must ‘walk before we run.’”
He concluded that Goldman Sachs brings “significant capital, expertise, and experience — assets that are proving highly valuable in our ongoing negotiations.”