Goldman Sachs is to massively increase its Swiss presence, WealthBriefing can confirm.

The US bank has leased 4,500 square meters of office space in Zurich, Bilanz, a Swiss business magazine, had reported.

While Goldman did not comment on this issue, a person familiar with the situation confirmed the details report to this publication.

According to the source, the US bank and wealth manager employs about 250 people in Switzerland at the moment. The bank did not confirm this number, saying it does not comment on such issues.

Bilanz said that the new office space could create workspace for about 150 employees.