EXCLUSIVE Goldman to launch Marcus UK robo-adviser early next year – Reuters

EXCLUSIVE Goldman to launch Marcus UK robo-adviser early next year – Reuters

Goldman Sachs (GS.N) will launch an app for UK users of its digital bank Marcus over the following weeks and plans to offer automated investment management to clients in the country by the first quarter of next year.

The U.S. bank has attracted just over $30 billion in UK deposits since launching a savings account in 2018, accounting for 30% of Marcus's deposits globally, Des McDaid, the head of Marcus UK, told Reuters.

"We are pivoting more into an investment and wealth provider rather than a full service digital bank," he said.