Goldman Sachs lands $70 B retirement‑plan mandates from Verizon and Lockheed Martin
Goldman Sachs Asset Management was hired as outsourced chief investment officer for Verizon and Lockheed Martin, covering $30 B of defined‑benefit pensions and $40 B of defined‑contribution assets. The win cements GS’s push into the fast‑growing OCIO market and pits it against rivals such as BlackRock for corporate pension business.