Goldman Sachs Asset Management secures Shell $40 billion pension trust, setting a new record for European institutional business.

On Tuesday, Goldman Sachs Asset Management announced that it has been granted authorization by several pension funds under Shell to take over the management of $40 billion in assets. This mandate will primarily rely on Goldman Sachs' mature infrastructure in responsible investing and private credit, setting a record as the largest single transaction for its European institutional business. This collaboration further solidifies Goldman Sachs' leading position in the cross-regional pension management market.