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Goldman Sachs to acquire asset management firm NNIP in $2bn deal

August 19, 2021

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The acquisition is Goldman’s largest since the appointment of new CEO David Solomon in 2018, and comes as part of the bank’s attempts to diversify its revenues.

NNIP, also known as NN Investment Partners, has $335 billion in assets under management.

Goldman says the combination will create “a full suite of asset management products”.

NNIP’s employees will join Goldman, and the Netherlands will become a “significant location” for the combined business.

The acquisition also sees a partnership deal signed between NN Group and Goldman, lasting for 10 years and seeing the bank provide asset management services.

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