Goldman Sachs 2013 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2013 Goldman Sachs annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 242

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242

29Goldman Sachs 2013 Annual Report
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment
management firm that provides a wide range of financial services to a substantial and diversified
client base that includes corporations, financial institutions, governments and high-net-worth
individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in
all major financial centers around the world.
Investment Banking
We provide a broad range of investment banking services to a diverse group of
corporations, financial institutions, investment funds and governments. Services
include strategic advisory assignments with respect to mergers and acquisitions,
divestitures, corporate defense activities, risk management, restructurings
and spin-offs, and debt and equity underwriting of public offerings and private
placements, including domestic and cross-border transactions, as well as
derivative transactions directly related to these activities.
Our Business
Investment Banking
Net Revenues (in millions)
Investment Management
We provide investment management services and offer investment
products (primarily through separately managed accounts and commingled
vehicles, such as mutual funds and private investment funds) across all
major asset classes to a diverse set of institutional and individual clients.
We also offer wealth advisory services, including portfolio management and
financial counseling, and brokerage and other transaction services to high-
net-worth individuals and families.
Investment Management
Net Revenues (in millions)
Investing & Lending
We invest in and originate loans to provide financing to clients. These
investments and loans are typically longer term in nature. We make
investments, some of which are consolidated, directly and indirectly through
funds that we manage, in debt securities and loans, public and private equity
securities, and real estate entities.
Investing & Lending
Net Revenues (in millions)
Institutional Client Services
We facilitate client transactions and make markets in fixed income, equity,
currency and commodity products, primarily with institutional clients such
as corporations, financial institutions, investment funds and governments.
We also make markets in and clear client transactions on major stock,
options and futures exchanges worldwide and provide financing, securities
lending and other prime brokerage services to institutional clients.
Institutional Client Services
Net Revenues (in millions)
We report our activities in the following four business segments:
2013
2012
2011
$6,004
$4,926
$4,355
2013
2012
2011
$15,721
$18,124
$17,280
2013
2012
2011
$7,018
$5,891
$2,142
$5,463
$5,222
$5,034
2013
2012
2011