Goldman SPV sees profit drop after issuance transfer

Goldman, Sachs & Co. Wertpapier GmbH issued 525,570 securities (warrants, certificates and notes) in 2021, a decrease of 39% year-on-year (2020: 860,865). The decrease was mainly driven by the transfer of the issuance function for certain products to Goldman Sachs Bank Europe SE (GSBE) with whom it entered an agreement in October 2021. Since then, the company gradually and significantly reduced issuing new structured products for retail investors. The balance sheet total of the company as