Goldman Sachs Descends on Dallas in Wall Street's Latest Move West

Goldman Sachs Group Inc. is building up its US presence beyond the New York headquarters, and will develop a new regional campus in Dallas. The region is sweeping in high-profile dealmakers, wealth-management firms and industry giants, as firms and their executives relocate to Texas. Texas is attrac

May 7, 2023 . 6:29 PM

1 min read

Goldman Sachs plans to develop a new regional campus in Dallas, making it the firm’s largest US hub outside New York.
Texas is attracting high-profile dealmakers and industry giants, as firms and their executives relocate from higher-cost states.
The burst of activity is giving fresh prominence to a former regional banking capital.
Employment in the finance and insurance industry has grown 33% over the last decade in the Dallas metro.
Post-pandemic return-to-office levels are significantly higher in Texas cities than on the East Coast or in California.