Goldman Sachs’ chief financial officer has outlined the bank’s plans to build a business that can capitalise on the growth story in emerging markets, which continue to draw the gaze of investors and are outstripping the US and Europe on locally-targeted M&A for the first time.

Speaking to investors at the Credit Suisse Financial Services Conference yesterday, David Viniar said that Goldman Sachs was looking to expand its existing fixed income, currency and commodities and equities business into emerging markets.