Update: Goldman Sachs AM becomes fourth bidder for Lloyds contract

Previously managed by Standard Life Aberdeen

Lloyds Banking Group CEO Antonio Horta-Osorio

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Goldman Sachs Asset Management (GSAM) is believed to have become the fourth firm bidding for a £109bn investment contract put up for tender by Lloyds Banking Group, joining BlackRock, Schroders and J.P.Morgan Asset Management (JPMAM).

According to Sky News, GSAM are participating in a second round of bidding for the Lloyds Banking Group deal. The firm has seen significant growth in the past few years and manages $1.5trn globally...

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