April 23, 2015 / 5:39 PM / 2 years ago

Goldman Sachs Asset Management to buy Pacific Life business

NEW YORK (Reuters) - Goldman Sachs Group Inc’s (GS.N) Asset Management plans to acquire the Pacific Global Advisors solutions business from Pacific Life Insurance Co PACLIB.UL, the company said on Thursday.

A Goldman Sachs sign is seen over their kiosk on the floor of the New York Stock Exchange, April 26, 2010. REUTERS/Brendan McDermid

The business provides investment and risk management services to institutional investors and has assets under supervision of more than $18 billion. Terms of the deal were not disclosed.

Reporting by Lauren Tara LaCapra; Editing by Grant McCool

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