Goldman Sachs CFO Stephen Scherr Recaps the Firm’s First-Ever Investor Day

Goldman Sachs Exchanges

Goldman Sachs

Business

4.4 • 1K Ratings

🗓️ 31 January 2020

⏱️ 33 minutes

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Summary

This week, Goldman Sachs opened its doors for its first-ever Investor Day in its 150-year history. In this episode, Goldman Sachs CFO Stephen Scherr recaps the day and explains how leadership is trying to increase transparency with clients by releasing three-year financial targets, restructuring its business segments, and more. Scherr, who has been at Goldman Sachs for nearly 27 years and CFO since 2018, also talks about his transition into the role. To kick off the episode, Jen Roth of Global Markets gives her quick take on the five numbers she’s watching in markets.

Transcript

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0:00.0	This is Exchanges of Goldman Sachs, where we discuss developments currently shaping markets, industries, and the global economy.
0:13.2	I'm Jake Stewart, Global Head of Corporate Communications here at the firm.
0:16.6	Today we'll be talking to Stephen Schur, CFO of Goldman Sachs.
0:19.7	Stephen played a big role in our first ever investor day, the first in 150 years, which took place
0:24.9	here at our New York headquarters just this week.
0:28.1	We're going to be talking about the day, Stephen's time at Goldman Sachs, and where the firm goes
0:31.4	from here.
0:32.8	But before that, we're here with Jen Roth
0:35.3	of our Global Markets Division.
0:37.1	For a quick markets update on the five numbers
0:40.0	she's watching right now, Jen, welcome to the program.
0:42.1	Thanks so much. Good morning everyone.
0:43.9	As Jake said, my name is Jen Roth.
0:45.4	I manage the Global Currencies and Emerging Markets Business
0:47.8	and the Securities Division, and I'm ready to talk about these five numbers.
0:51.3	Okay.
0:51.8	What's the biggest number you've been looking at?
0:54.6	33 billion is the number that I've been closely watching.
0:57.7	That is the number of inflows we've seen into emerging market funds in 2019,
1:01.8	and I'm closely watching to see if we're able to replicate that in
1:04.6	2020. Thus far we've had 8 billion of inflows so clearly a very strong
1:08.8	year but given that you're not going to have the support from core rates that you had last year, we want to see if that can be replicated in in this year.
	...

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