Lloyd Blankfein, chairman and CEO of the bank, made the comments during the Bank of America Merrill Lynch Banking and Financial Services Conference.
He said: âThe biggest opportunity for us is not necessarily to do more things, but to be Goldman Sachs in more places.â
The growth of the bankâs business in emerging markets such as Brazil, India and the Middle East should prove to be a future focus for the firm, Mr Blankfein explained.
Figures quoted by the bankâs CEO during his speech showed that it has hired staff at a compound rate of 33 per cent since 2003.
Since 2006, 12 per cent of Goldman Sachsâ revenue has been created within these growth markets.
Responding to the bankâs perception of the impact of incoming regulation, the CEO said that âembracing change early is fundamental to the company's successâ.
Earlier in the week, Paulson & Co, the hedge fund managed by John Paulson, sold its entire position in Goldman Sachs.
The fund was named in an investigation by the Securities and Exchange Commission (SEC) into the bank allegedly misleading investors over a product connected to the subprime mortgage market.
By Jim Ottewill