...1Q22 was extremely volatile with: 1. Russia invading Ukraine. a. b. Inflation rising across globe. c. Accelerating trend towards deglobalization. 2. In recent decades, Co. has grown used to low inflation, low interest rates and free flow of people and goods across national borders. Believes Co. is entering a period where that won't be the case and consequences for financial markets will be meaningful. a. 3. Although much remains uncertain, GS effectively supported its clients in this type of environment; a testament to progress Co. made to center strategy around clients. At the time of great volatility, it was clear clients needed help managing their risk and they turned to Co. for expertise to navigate this changing landscape. a. 4. Recent turbulence does nothing to change Co.'s firm's client-oriented strategy, but makes it all the more imperative. Building a more resilient, diversified franchise that can generate solid returns even in more uncertain markets. a. 5. In Feb., laid out revised...
