Goldman Sachs wins $70 billion retirement-asset mandates from Verizon and Lockheed Martin
2026-07-09 14:26:32
According to CNBC, Goldman Sachs said Thursday it won mandates to manage a combined $70 billion in retirement assets for Verizon Communications and Lockheed Martin, including about $30 billion in pension assets and $40 billion in Verizon defined-contribution retirement assets. Goldman said its outsourced chief investment officer business had about $480 billion in assets as of March 31, and its broader asset and wealth management division oversees roughly $3.7 trillion.
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