Why Goldman Is Selling Debt Platform to Rivals

Simon is a web platform initially run by Goldman Sachs, distributing structured investment products to financial advisors. Despite Goldman's significant role, Simon's independence aims to ease market competition concerns. Regulatory warnings highlight the complexity of these products. Major competitors like JP Morgan and Credit Suisse are now investing in Simon, hoping to expand the market.

What is the significance of Simon becoming an independent entity?

Who are the largest competitors for Goldman Sachs in the structured investment space?