Blankfein Sees 80% of Goldman Sachs’s Growth Coming From BRICs

Bloomberg reports:

Goldman Sachs Group Inc. (GS) Chief Executive Officer Lloyd Blankfein said the firm will rely on the biggest emerging markets for most of its growth even amid increasing concern economic expansion in Brazil, Russia, India and China may be slowing.

“Eighty percent of the growth of our business is going to come from high-growth areas identified as BRICs,” Blankfein, 57, said at the St. Petersburg International Economic Forum in Russia’s second-largest city today. “Our footprint will correlate with the ring of growth in various places around the world, providing they have good open markets.”