CNBC July 09, 2026 • 14:10

Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin - CNBC

By Hugh Son

Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin - CNBC

Competition in the multitrillion-dollar market for retirement assets is fierce among managers such as Goldman Sachs, BlackRock, Russell Investments and Mercer.

Goldman Sachs said Thursday it won deals to manage a combined $70 billion in retirement assets for Verizon Communications and Lockheed Martin, one of the larger recent announcements in the fast-growi… [+1391 chars]

More from CNBC