Goldman Sachs NZ fee income rose in 2012, helped by Fonterra Fund, MRP, Blue Star

Wed, 01 May 2013

By Jonathan Underhill May 1 (BusinessDesk) – Goldman Sachs New Zealand Holdings, the local unit of the Wall Street investment bank, posted a 12 percent gain in fees and commissions last year as it won a share of deals such as the Fonterra Shareholders’ Fund sale of units and advice on MightyRiverPower. Fees and commissions rose to $27.3 million in calendar 2012, from $24.3 million a year earlier, the firm’s financial statements show. Total revenue including returns on investing jumped 43 percent to $31.7 million. It posted a net profit of $5...

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