07:10 AM EDT, 09/25/2025 (MT Newswires) -- Goldman Sachs ( GS ) executives Anthony Gutman and Kunal Shah are betting that a revival in spending on European defense and infrastructure will drive the continent's growth for the company, Bloomberg reported Thursday, citing interviews with the two.

Germany, France, and other European nations plan investments to increase their military capabilities and upgrade infrastructure.

Gutman and Shah, who oversee Goldman Sachs' ( GS ) Europe, Middle East, and Africa business, including a newly-created capital-solutions group that seeks to mediate deals, the report said.

"We think we're primed for a significant cyclical upswing in investment banking activity across all our products," Gutman was quoted as saying by Bloomberg.

Goldman Sachs ( GS ) did not immediately reply to MT Newswires' request for comment.

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