Goldman Sachs expands its asset management staff

 Goldman Sachs Group announced its plans to hire up to 200 employees for its asset management unit, as reported by Goldman’s spokeswoman on Sunday. The division has about $820 billion under management and the hiring started three months ago.

"We are moving back on the offensive," the Financial Times quoted Marc Spilker, Goldman's co-head of investment management business, as saying.

The paper reported that Goldman plans to expand its investment management business organically instead of through acquisitions.

"We wouldn't rule out acquisitions, but we won't put growth ahead of everything. Growth must be in the context of long-term performance. We do not want to disturb what we have got," Spilker told the paper.