Goldman Sachs Group, Inc. has opened a new hedge fund administration office in Toronto, the Ontario government announced Friday.

The newest Goldman Sachs Administration Services office expands the fund accounting and investor servicing areas of
its hedge fund administration operations. The firm expects to grow the new location over the next five years.

“We are pleased to establish our hedge fund administration presence in Toronto to supplement our global platform and expand the Goldman Sachs footprint in Canada. We believe the talent pool in this region will enhance our efforts to provide the best service possible to the global hedge fund community,” said Grant Jackson of GSAS.

“Goldman Sachs selected Toronto over several other jurisdictions because it offers educated workers, an excellent regulatory environment, stable economy and proximity to New York’s financial sector,” added Sandra
Pupatello, Ontario’s Minister of Economic Development and Trade. “Our highly skilled financial professionals continue to demonstrate every day that we can compete globally. We offer a strong industry infrastructure, superior technology
and a reliable business climate to global investors.”