Goldman Sachs is a multinational investment bank and financial services company that offers services in investment banking, securities underwriting, prime brokerage, asset management, wealth management, and investment management via Goldman Sachs Personal Financial Management. In this article, we discuss the top Goldman Sachs Competitors and Alternatives.
With a history that dates back to 1869, Goldman Sachs company is one of the premier investment banks in the world and has a reputation for innovative thinking and exceptional client service.
Being influential and thriving in the financial industry, Goldman Sachs has a history of involvement in prominent financial deals, including counseling on mergers and acquisitions, handling public offerings, and offering insightful research to clients. Leveraging its industry expertise, the company has garnered a devoted clientele and has become a reliable finance partner, owing to its dedication to excellence and integrity.
- Product Type: Investment banking, securities underwriting, prime brokerage, asset management, wealth management, and investment management via Goldman Sachs Personal Financial Management.
- Industry: Financial services.
- Founded Date: 1869.
- Founders: Marcus Goldman and Samuel Sachs.
- Headquarters: 200 West Street, New York City, New York, U.S.
- Area Served: Worldwide.
- Current CEO: David M. Solomon.
Table of Contents
The top Goldman Sachs competitors are
1. JPMorgan Chase
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 1799
- Founders: Aaron Burr Jr., Alexander Hamilton, John Duer, and others
- Headquarters: New York City, New York, United States
- Area Served: Worldwide
- Current CEO: Jamie Dimon
- Market capitalization: USD 464.5 billion (October 2023)
JPMorgan Chase is a global leader in financial services, delivering solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. With its extensive business operations spanning diverse sectors, including investment banking, treasury and securities services, and wealth management, JPMorgan Chase poses a solid competition to Goldman Sachs.
2. Morgan Stanley
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 1935
- Founders: Henry S. Morgan and Harold Stanley
- Headquarters: New York City, New York, United States
- Area Served: Worldwide
- Current CEO: James P. Gorman
- Market capitalization: USD 183.5 billion (October 2023)
Morgan Stanley is a worldwide investment bank and financial services firm. Known for its wealth management, institutional securities, and investment management services, Morgan Stanley caters to many clients, including corporations, governments, institutions, and individuals globally. Its immense sectoral reach makes it a strong competitor in the financial industry.
3. Bank of America Merrill Lynch
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 1904
- Founders: Amadeo Giannini
- Headquarters: Charlotte, North Carolina, United States
- Area Served: Worldwide
- Current CEO: Brian Moynihan
- Market capitalization: USD 305.2 billion (October 2023)
Bank of America Merrill Lynch is an American multinational investment bank division under the auspices of Bank of America. Offering a wide range of banking, investing, asset management, and other financial and risk management services, this brand caters to individuals, small- and middle-market businesses, and large corporations with a full range of banking solutions.
4. Citigroup
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 1812
- Founders: Samuel Osgood
- Headquarters: New York City, New York, United States
- Area Served: Worldwide
- Current CEO: Jane Fraser
- Market capitalization: USD 152.8 billion (October 2023)
Citigroup is an American multinational investment bank and financial services corporation. With its client-centric business model, Citigroup provides a broad range of financial services and products to consumers, corporations, governments, and institutions globally, hence its significant competition to Goldman Sachs.
5. Barclays Capital
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 1690
- Founders: John Freame and Thomas Gould
- Headquarters: London, United Kingdom
- Area Served: Worldwide
- Current CEO: Jes Staley
- Market capitalization: GBP 32.5 billion (October 2023)
Barclays Capital is the investment banking division of the British multinational Barclays Bank. Known for its consistent delivery of large-scale financing transactions and expertise in all key asset classes, Barclays Capital has firmly established itself in global banking, offering principal investment, risk management, and advisory services globally.
6. Deutsche Bank
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 1870
- Founders: Adelbert Delbrück and Ludwig Bamberger
- Headquarters: Frankfurt, Germany
- Area Served: Worldwide
- Current CEO: Christian Sewing
- Market capitalization: EUR 23.5 billion (October 2023)
Deutsche Bank is a leading global investment bank based in Frankfurt, Germany. Offering a range of investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide, Deutsche Bank exhibits intense competition with market peers in the global financial hemispheres.
7. Credit Suisse
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 1856
- Founders: Alfred Escher
- Headquarters: Zurich, Switzerland
- Area Served: Worldwide
- Current CEO: Thomas Gottstein
- Market capitalization: CHF 28.6 billion (October 2023)
Credit Suisse is a leading global wealth manager based in Switzerland with strong investment banking capabilities. Offering services in private banking, investment banking, and asset management, Credit Suisse caters to a broad customer base that includes individuals, corporations, and governments.
8. UBS
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 1862
- Founders: Alfred Escher
- Headquarters: Zurich, Switzerland
- Area Served: Worldwide
- Current CEO: Ralph Hamers
- Market capitalization: CHF 56.8 billion (October 2023)
UBS is a Swiss multinational investment bank and financial services company. It has a significant presence globally in wealth management, asset management, and investment banking sectors. With its comprehensive service offerings and strong reputation, UBS is a formidable competitor to Goldman Sachs.
9. BNP Paribas
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 2000 (merger of Banque Nationale de Paris and Paribas)
- Headquarters: Paris, France
- Area Served: Worldwide
- Current CEO: Jean-Laurent Bonnafé
- Market capitalization: EUR 63.5 billion (October 2023)
BNP Paribas is a French international banking group and one of the largest banks in Europe. It offers a comprehensive range of banking and financial services, including corporate and institutional banking, retail banking, and wealth management. Its extensive presence in numerous countries introduces significant global competition to its peers.
10. HSBC
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 1865
- Founders: Thomas Sutherland
- Headquarters: London, United Kingdom
- Area Served: Worldwide
- Current CEO: Noel Quinn
- Market capitalization: GBP 92.5 billion (October 2023)
HSBC is a British multinational investment bank and financial services organization. As one of the world’s largest commercial banking and financial service organizations, HSBC’s network covers many countries on various continents. It provides millions of customers with a comprehensive range of financial services, making it another staunch competitor to Goldman Sachs.
11. Wells Fargo Securities
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 1852
- Founders: Henry Wells and William Fargo
- Headquarters: San Francisco, California, United States
- Area Served: Worldwide
- Current CEO: Charles W. Scharf
- Market capitalization 181.5 billion (October 2023)
Wells Fargo Securities is the investment banking division of Wells Fargo & Co., a diversified American multinational financial services company. Wells Fargo Securities provides a range of offerings, including M&A advisory, capital markets services, and financial products for different types of customers, such as individual investors, businesses, financial institutions, and government entities. This wide array of services propels their competitive stance against Goldman Sachs.
12. Société Générale
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 1864
- Founders: Henri Cernuschi, Eugène Goüin, and others
- Headquarters: Paris, France
- Area Served: Worldwide
- Current CEO: Frédéric Oudéa
- Market capitalization: EUR 22.5 billion (October 2023)
Société Générale is a French multinational investment bank and financial services company. It provides services like retail banking, corporate and investment banking services, asset management, portfolio management, insurance, and other financial services to its clients. It has a broad geographic footprint, which includes several countries; hence, it poses a solid competition to other financial giants like Goldman Sachs.
13. Royal Bank of Canada (RBC) Capital Markets
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 1864
- Founders: Halifax Banking Company
- Headquarters: Toronto, Ontario, Canada
- Area Served: Worldwide
- Current CEO: Dave McKay
- Market capitalization: CAD 187.5 billion (October 2023)
Royal Bank of Canada (RBC) Capital Markets is the investment banking arm of Royal Bank of Canada. It offers a focused set of products and services to institutions, corporations, governments, and high-net-worth individuals with clients in over 150 countries. With its commitment to customer satisfaction and innovative solutions, RBC Capital Markets is a compelling finance competitor.
14. Nomura Holdings, Inc.
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 1925
- Founders: Tokushichi Nomura II
- Headquarters: Tokyo, Japan
- Area Served: Worldwide
- Current CEO: Kentaro Okuda
- Market capitalization 1.3 trillion JPY (October 2023)
Nomura Holdings, Inc. is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. It provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate, and government clients through an international network in over 30 countries. This customer-centric approach and broad geographic coverage highlight Nomura as a significant competitor.
15. Standard Chartered PLC
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 1969 (merger of Standard Bank and Chartered Bank)
- Headquarters: London, United Kingdom
- Area Served: Worldwide
- Current CEO: Bill Winters
- Market capitalization 23.5 billion GBP (October 2023)
Standard Chartered PLC is a British multinational banking and financial services company. It operates a network of over 1,200 branches and outlets across more than 70 countries and employs around 87,000 people. Standard Chartered Bank offers a wide range of products and services for individuals and businesses, making it a formidable player in the financial services field.
16. Mizuho Financial Group, Inc.
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 2003 (merger of Dai-Ichi Kangyo Bank, Fuji Bank, and Industrial Bank of Japan)
- Headquarters: Tokyo, Japan
- Area Served: Worldwide
- Current CEO: Tatsufumi Sakai
- Market capitalization 4.1 trillion JPY (October 2023)
Mizuho Financial Group, Inc. is a banking holding company headquartered in Japan. Mizuho provides many financial services such as banking, trust banking, securities, and other businesses, and its network spans over 30 countries. Its extensive finance portfolio distinguishes Mizuho as a viable contender in the global financial services firm industry.
17. Macquarie Group Limited
- Product Type: Financial services
- Industry: Banking and financial services
- Founded Date: 1969
- Founders: George Miller AO, Mark Johnson AO, and others
- Headquarters: Sydney, Australia
- Area Served: Worldwide
- Current CEO: Shemara Wikramanayake
- Market capitalization: AUD 68.5 billion (October 2023)
Macquarie Group Limited is a global diversified financial group that provides clients with asset management, retail and business banking, wealth management, leasing asset financing, market access, financial planning, and more. Originating in Australia, Macquarie is now embracing an increasingly global point of view, thereby escalating its competitive stance against peers like Goldman Sachs.
18. Blackstone
- Product Type: Financial services
- Industry: Private equity, alternative asset management
- Founded Date: 1985
- Founders: Peter G. Peterson and Stephen A. Schwarzman
- Headquarters: New York City, New York, United States
- Area Served: Worldwide
- Current CEO: Stephen A. Schwarzman
- Market capitalization 136.2 billion USD (October 2023)
Blackstone is one of the world’s leading investment firms. Unlike traditional financial firms, Blackstone’s business model is focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, tangible assets, hedge funds, and secondary funds. This distinct approach to investment services makes Blackstone a unique contender in the financial sector.
19. Carlyle Group
- Product Type: Private equity, alternative asset management
- Industry: Financial services
- Founded Date: 1987
- Founders: David Rubenstein, William E. Conway Jr., and Daniel D’Aniello
- Headquarters: Washington, D.C., United States
- Area Served: Worldwide
- Current CEO: Kewsong Lee
- Market capitalization: $ USD 16.5 billion (October 2023)
Carlyle Group is an American multinational private equity, alternative asset management, and financial services corporation. With investment teams spread across different time zones and continents, the Carlyle Group specializes in private equity. Its expertise in numerous sectors and areas gives its clients a unique and practical perspective. It’s considered one of the notable competitors in the financial industry.
20. Apollo Global Management
- Product Type: Private equity, credit, real estate, and infrastructure investment
- Industry: Financial services
- Founded Date: 1990
- Founders: Leon Black, Joshua Harris, and Marc Rowan
- Headquarters: New York City, New York, United States
- Area Served: Worldwide
- Current CEO: Marc Rowan
- Market capitalization 25.2 billion USD (October 2023)
Apollo Global Management is an alternative investment management firm specializing in private equity, credit, and real estate. With its expertise in the financial markets and creating value for its investors across various market cycles, Apollo Global Management delivers unique and tailored investment strategies. This approach to providing services in the financial sector makes Apollo a noteworthy competitor to Goldman Sachs.
21. KKR
- Product Type: Private equity, credit, and real estate investment
- Industry: Financial services
- Founded Date: 1976
- Founders: Henry Kravis, George R. Roberts, and Jerome Kohlberg Jr.
- Headquarters: New York City, New York, United States
- Area Served: Worldwide
- Current CEO: Henry Kravis and George R. Roberts
- Market capitalization 38.5 billion (October 2023)
KKR is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, and credit. With a strategic approach towards long-term value creation, KKR offers its clients a comprehensive set of product types and investment solutions, positioning itself as a key competitor in the financial market.
22. Evercore
- Product Type: Investment banking, investment management, and wealth management
- Industry: Financial services
- Founded Date: 1995
- Founders: Roger Altman
- Headquarters: New York City, New York, United States
- Area Served: Worldwide
- Current CEO: Ralph Schlosstein
- Market capitalization 10.2 billion USD (October 2023)
Evercore is a prominent independent investment banking advisory firm. It offers services such as strategic advisory, restructuring, and capital-raising advisory for its clients, which include corporations, financial institutions, and governments. Evercore’s focus on providing high-quality and independent financial advice makes it a significant competitor to traditional financial services giants like Goldman Sachs.
23. Lazard
- Product Type: Investment banking, asset management, and financial advisory
- Industry: Financial services
- Founded Date: 1848
- Founders: Alexandre Lazard and Elie Lazard
- Headquarters: New York City, New York, United States
- Area Served: Worldwide
- Current CEO: Kenneth M. Jacobs
- Market capitalization 7.5 billion USD (October 2023)
Lazard is a global financial advisory and asset management firm that advises on mergers, acquisitions, restructuring, capital structure, and strategy. Serving a diverse range of clients, from corporations and governments to institutions and individuals, Lazard’s extensive expertise and wide-ranging services make it a strong competitor in the financial sector.
24. Jefferies
- Product Type: Investment banking, sales and trading, and wealth management
- Industry: Financial services
- Founded Date: 1962
- Founders: Boyd L. Jefferies
- Headquarters: New York City, New York, United States
- Area Served: Worldwide
- Current CEO: Rich Handler and Brian Friedman
- Market capitalization: $7USD 7.8 billion October 2023)
Jefferies is a diversified global financial services company that offers investment banking, equities, fixed income, and wealth management services to a broad client base, including corporations, institutions, and governments. Its comprehensive product and service offerings and commitment to delivering innovative financial solutions solidify Jefferies’ position as a competitive force in the industry.
25. Houlihan Lokey
- Product Type: Investment banking, financial advisory, and asset management
- Industry: Financial services
- Founded Date: 1972
- Founders: Richard Houlihan and O. Kit Lokey
- Headquarters: Los Angeles, California, United States
- Area Served: Worldwide
- Current CEO: Scott Beiser
- Market capitalization 7.5 billion USD (October 2023)
Houlihan Lokey is an international investment bank known for its mergers and acquisitions, capital markets, financial restructuring, and valuation expertise. By providing innovative and result-oriented strategic advice to corporations, institutions, and governments, Houlihan Lokey is recognized as one of the leading financial advisory firms and a notable competitor to other market players.
26. Greenhill & Co.
- Product Type: Investment banking and financial advisory
- Industry: Financial services
- Founded Date: 1996
- Founders: Robert F. Greenhill
- Headquarters: New York City, New York, United States
- Area Served: Worldwide
- Current CEO: Scott L. Bok
Greenhill & Co. is an independent investment bank that focuses on providing financial advisory services to Clients worldwide. The firm offers unique insights and expertise in various sectors, such as mergers and acquisitions, restructuring, and financing. With its commitment to delivering high-quality advice and exceptional client service, Greenhill & Co. further establishes itself as a formidable competitor in the financial industry.
These were all Goldman Sachs’ competitors. If you know any other competitors, please write in the comments below.
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