“So, Gordon, how much is enough?”. We’re feeling a lot like Bud Fox in the movie “Wall Street” as we’re witnessing Goldman Sachs (GS) carry out its umpteenth acquisition in the asset management business. The investment banking giant is ready to pay $1.9b to purchase Dutch money manager NN Investment Partners.

The acquisition will see GS add 900 employees, $70b new assets under management, and $355b new assets under supervision. The deal will also give GS a significant expansion of its asset management presence in Europe. This will be the biggest acquisition for GS since the arrival of its new CEO David Michael Solomon in 2018.