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Goldman Sachs enters geopolitical advice business

Investment bank launches institute to counsel clients on international affairs and technology

Goldman Sachs is setting up an institute to analyse geopolitics and technology, the latest firm to bet on demand from companies for advice on how to navigate a disorderly world. 

The Goldman Sachs Global Institute, announced on Thursday, will initially be focused on geopolitical tensions and disruption from the rise of artificial intelligence.

It will be led by Goldman partners George Lee and Jared Cohen. The two men also co-lead the investment bank’s Office of Applied Innovation, which was established last year to spot commercial opportunities related to shifts in technology and the geopolitical landscape. 

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