INVESTMENT BANKING —
LEADERSHIP AS A FIXED POINT IN A CHANGING MARKET
Despite the dramatic downturn in corporate activity, Goldman Sachs
remained a market leader in Investment Banking, ranking number one in
announced and completed global mergers and
acquisitions and in worldwide public common stock issuances.(1)
(1) Thomson Financial Securities DataJanuary 1, 2002 through December 31, 2002.
1/4
And while business volumes declined, we continued to strengthen existing relationships and establish new
client relationships through an unmatched combination of thoughtful,
strategic analysis and advice, superior execution
and a commitment to absolute integrity in everything we do.
2/4
2003 will continue to provide challenges as well as opportunities.
Our clients need objective advice and nimble strategies as they reevaluate
their growth
opportunities and consider various types of transformations.
3/4
Our pursuit of excellence and commitment to provide thoughtful and
balanced financial advice to our clients will never lag, even in
difficult years.