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Goldman Sachs Hong Kong review

Goldman Sachs Asia Bank Limited

Our review of Goldman Sachs Hong Kong for ultra-high-net-worth families. We researched the legal entity that holds the licence and books the account, not just the brand.

Booking centreHong Kong
RegulatorHKMA (restricted licence bank)
Legal formLocally incorporated subsidiary
GroupThe Goldman Sachs Group, Inc.
Websitegoldmansachs.com
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PPLI.com
Private Bank Rating
Rating in preparation

We are still preparing the rating for this bank. What we have on file so far is below.

About the rating

Part of Goldman Sachs. The group card is led by Goldman Sachs Bank USA, whose own rating is the group's headline rating. This booking centre is rated separately.

The rating

What the PPLI.com rating of Goldman Sachs considers

This is our editorial assessment of Goldman Sachs. We look at the areas below, which matter to a family deciding where to keep its assets, and weigh them together with what clients tell us and the service they get. Retail products, branches and apps play no part. The public sources we used are listed at the foot of the page.

Conduct and enforcement

What regulators, prosecutors and courts have concluded about this licence holder in recent years.

Protection of client assets

Whether custody assets are ring-fenced by law in the booking centre, whether deposits are protected, and whether the custody terms can be read before signing.

Service for complex families

The breadth of private banking services the bank publishes for this booking unit, including work with external managers and family offices.

Cost transparency

Whether a prospective client can see the tariff and the bank's policy on third party payments before asking.

Ownership and control

Whether the bank's owners are public, how official assessments rate the anti-money-laundering regime of any owner's home jurisdiction, and whether a politically exposed person holds a significant stake. The same test applies to every bank.

Client opinions and service

What clients of Goldman Sachs and their advisers tell us in confidence, and the service the bank gives to families. We never publish names. Tell us about yours

PPLI.comPrivate Bank RatingRating in preparation

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice. Read about the rating.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

We found no regulatory, criminal or court decision naming this licence holder in the last ten years, in the sources listed below.
Matters concerning other entities in the group (1)
202022 October 2020

Reprimand and US$350 million (HK$2.71 billion) fine over the 1MDB bond offerings (2012 to 2013)

The SFC reprimanded and fined Goldman Sachs (Asia) L.L.C. US$350 million for serious lapses and deficiencies in its management supervisory, risk, compliance and AML controls that contributed to the misappropriation of US$2.6 billion from three 1MDB bond offerings. The respondent is the group's Hong Kong securities and investment banking entity, not Goldman Sachs Asia Bank Limited. Recorded for context only.

Shown for context only: it concerns a different company in the same group.

The Securities and Futures Commission (SFC) has reprimanded and fined Goldman Sachs (Asia) L.L.C. (Goldman Sachs Asia) US$350
Securities and Futures Commission (Hong Kong) · Settlement without admission · Penalty USD 350 million · Primary source
The bank at a glance

Identity, protection and services

Legal identity

Legal nameGoldman Sachs Asia Bank Limited
LEI5493007LAFON2CR3OD09
LicenceRestricted licence bank, incorporated in Hong Kong  Source
RegulatorHKMA (restricted licence bank)
Legal formLocally incorporated subsidiary
OwnerThe Goldman Sachs Group, Inc. ()

Ownership

Group parentThe Goldman Sachs Group, Inc. (listed, NYSE)  Source
ControlWidely held; no shareholder with 10% or more  Source (31 March 2026)
Disclosed holdings of 3% or moreVanguard Capital Management 7.19%  Source (31 March 2026)

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsNot published
Capital ratioNot published
SizeNot published

Services published for this booking unit

Private clients
Discretionary management
Advisory mandates
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Trust and fiduciary services
Family office services
Wealth planning
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.

Access and costs

Minimum relationshipNot published
US personsNot published
Fee scheduleNot published
Third party paymentsNot published
Transfer out termsNot published

Protection of client assets

Deposit protectionNot published
Custody lawClient securities held by licensed or registered persons must be safeguarded under the Securities and Futures Ordinance and the Securities and Futures (Client Securities) Rules, as referenced in SFC Code of Conduct para 11.1.
Custody termsNot published
Your experience

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Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to Goldman Sachs or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of this bank's PPLI.com rating. It is never published with your name.

Sources

  1. Securities and Futures Commission (Hong Kong): apps.sfc.hk/edistributionWeb/api/news/content?lang=EN&refNo=20PR103

For Goldman Sachs

Before we publish a significant negative finding, we give the bank the facts and time to comment, on the same timetable for every bank. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-HK-GOLDMAN-HK-0398A8.

About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 2 November 2026Methodology 2.3Reference BK-HK-GOLDMAN-HK-0398A8
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