Goldman Sachs 2009 Annual Report Download - page 32

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30
The Goldman Sachs Group, Inc. is a leading global investment banking,
securities and investment management  rm that provides a wide range
of nancial services to a substantial and diversi ed client base that includes
corporations,  nancial institutions, governments and high-net-worth
individuals. Founded in 1869, the  rm is headquartered in New York and
maintains of ces in London, Frankfurt, Tokyo, Hong Kong and other
major  nancial centers around the world.
Our activities are divided into three segments:
Investment Banking
We provide a broad range of investment banking services to a diverse group of
corporations,  nancial institutions, investment funds, governments and individuals.
Trading and Principal Investments
We facilitate client transactions with a diverse group of corporations,  nancial
institutions, investment funds, governments and individuals through market making
in, trading of and investing in  xed income and equity products, currencies,
commodities and derivatives on these products. We also take proprietary positions
on certain of these products. In addition, we engage in market-making activities
on equities and options exchanges, and we clear client transactions on major stock,
options and futures exchanges worldwide. In connection with our merchant banking
and other investing activities, we make principal investments directly and through
funds that we raise and manage.
Asset Management and Securities Services
We provide investment and wealth advisory 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 group of institutions and individuals worldwide and provide prime brokerage
services,  nancing services and securities lending services to institutional clients,
including hedge funds, mutual funds, pension funds and foundations, and to high-
net-worth individuals worldwide.
Investment Banking
Net Revenues
(in millions)
2009
2008
2007 $7,555
$5,185
$4,797
Trading and Principal Investments
Net Revenues
(in millions)
2009
2008
2007 $31,226
$9,063
$34,373
Asset Management and Securities Services
Net Revenues
(in millions)
2009
2008
2007 $7,206
$7,974
$6,003
Goldman Sachs 2009 Annual Report