| Goldman Sachs: keeps pitching good M&A ideas to clients through the lean times |
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Goldman Sachs
Not even Goldman Sachs, which wins the best M&A house award, claims to have had a good time of it this year. Announcing a fall in profit on the same period 12 months ago, it cited M&A volumes that were continuing to fall, the result of a reluctance among CEOs to put their necks on the line for little perceived upside. What's indisputable, however, is that in thin markets Goldman continues to take more than its fair share of whatever business is up for grabs. And it does so on a global basis. No other house does business across more territories and with a greater variety of corporates and financial institutions than Goldman. "Everyone has had it tough but we've tried to develop a good game plan and to execute it well every day," says Jack Levy, global head of M&A at the firm.