Goldman Sachs expands in southern US to capture growing region

DALLAS, Texas -- Think of the world's financial capital, and New York comes to mind. Yet the famed American city now faces competition within its own country as unique incentives prompt leading financial groups to take operations to states in the South.

Goldman Sachs was already a fixture in Dallas when it started a massive expansion in the northern Texas city in 2017. Aasem Khalil recently told Nikkei that when he took over as the head of the Dallas office about nine years ago, it had just 900 employees.