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Exchanges

Goldman Sachs
Goldman Sachs
Inflation
Artificial Intelligence
US Economy
Tariffs
China
Private Equity
Interest Rates
Federal Reserve
Private Credit
United States
Labor Market
U.S. Economy
Recession
Housing Market
Europe
Asset Management
Goldman Sachs Research
Economic Growth
Global Economy

In each episode of "Exchanges," people from the firm share their insights on developments shaping industries, markets and the global economy.

PublishesTwice weeklyEpisodes627Founded12 years ago
Number of ListenersCategory
Business

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Artwork for Exchanges

Latest Episodes

IPO activity has been on the rise in 2026. What does that tell us about investor sentiment, and what impact could the IPO boom have on US equities going forward? Ben Snider, chief US equity strategist in Goldman Sachs Research, shares his views on wh... more

Ben Silver and David Tykocinski, co-CIOs of Maverick Capital, say their investment strategy has, in some respects, been the same for three decades: Rather than trying to time the market, the firm aims to drive performance by taking a long-term view, ... more

YouTube

Oil prices are expected to fall further following news that the US and Iran agreed to end hostilities and reopen the Strait of Hormuz. But oil is unlikely to return to pre-war levels for some time, according to Goldman Sachs Research's Daan Struyven,... more

YouTube

Private markets have stalled since interest rates started to rise in 2022, even as public markets have climbed to new highs. But a period of sustained economic growth along with rising liquidity and AI-driven innovation could help private markets reb... more

YouTube

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Recent Guests

Pete Lyon
Global Co-Head of the Capital Solutions Group within Global Banking and Markets at Goldman Sachs
Goldman Sachs
Episode: Private Markets at an Inflection Point
Michael Brandmeyer
Global Head and CIO of External Investing Group within Goldman Sachs Asset Management
Goldman Sachs Asset Management
Episode: Private Markets at an Inflection Point
Jim Covello
Head of Global Equity Research
Goldman Sachs
Episode: The AI Investment Boom: When Will It Pay Off?
James Brocklebank
Co-chair of Advent; co-heads European business
Advent
Episode: ‘Complexity is Our Friend’: James Brocklebank on Advent's Private Equity Strategy
Tim Moe
Chief Asia Pacific Regional Equity Strategist and Co-Head of Macro Research in Asia in Goldman Sachs Research
Goldman Sachs
Episode: Can the Asia Equity Rally Continue?
Alexandra Wilson-Elizondo
Global Co-Head of Multi-Asset Solutions, Goldman Sachs Asset Management
Goldman Sachs
Episode: Innovation and Inflation: Twin Forces Reshaping Portfolios
Christian Mueller-Glissmann
Head of Asset Allocation, Goldman Sachs Research
Goldman Sachs
Episode: Innovation and Inflation: Twin Forces Reshaping Portfolios
Howard Marks
Legendary investor
Oaktree Capital Management
Episode: Cracks in Private Credit
Michael Arougheti
Executive in private markets
Ares Management
Episode: Cracks in Private Credit

Host

Allison Nathan
Host of Goldman Sachs Exchanges; widely described as guiding conversations and extracting practical insights from senior financial professionals.

Reviews

4.5 out of 5 stars from 2.6k ratings
  • Partially informative

    This is an OK show, but not great because guests get mildly challenged at most, if any.

    Apple Podcasts
    3
    xyz135711
    United States3 months ago
  • Your 2026 outlook is pathetic

    Just look around. Why the rosy propaganda? Garbage

    Apple Podcasts
    1
    Edxs
    Canada5 months ago
  • Good and Getting Better

    I’ve been listening to this podcast for about a year. It’s good and getting better. For a while, they had a second host/interviewer that said simple things in an unnecessarily complicated way. Allison doesn’t do that. Exchanges is at its best when it uses Goldman’s global resources to provide insights from corners of the globe that are not making headlines in the popular financial press.

    Apple Podcasts
    5
    mau5convert
    United States6 months ago
  • Great as market sentiment trackers

    Always listen this while workout, great thanks to the Great Investors series!

    Apple Podcasts
    5
    rexchs
    United States8 months ago
  • GS Exchanges: Great Investors

    Wonderful interviews from Allison Mass and guests.

    Apple Podcasts
    5
    Frederick Aryeetey
    United States10 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Listeners praise the host's questioning and the breadth of global coverage.
Guests are often industry leaders with practical, real-world experience.
Content is dense and highly valued by finance professionals seeking deeper analysis.
Audio quality varies; some episodes have challenging listening conditions.
Shows consistently delivers high-caliber guests and insightful market context.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#191
United States/Business
Apple Podcasts
#57
United Kingdom/Business
Apple Podcasts
#111
Canada/Business
Apple Podcasts
#79
Italy/Business
Apple Podcasts
#149
Australia/Business
Apple Podcasts
#194
France/Business

Talking Points

Recent interactions between the hosts and their guests.

The AI Investment Boom: When Will It Pay Off?
Q: What are the biggest blockers that could prevent a timely ROI for AI investments in larger organizations?
Data quality and interoperability, governance and control planes, and the cost of integrating new AI workloads with legacy systems are the main blockers; without addressing these, even strong AI capabilities won't translate into sustainable profits.
The AI Investment Boom: When Will It Pay Off?
Q: So Jim, given where we are, what marks would you look for to say the payback is finally materializing for the enterprise?
I'd look for clear, measurable improvements in productivity and cost savings that are tied to deployed AI workflows, near-term generation of revenue or margin uplift, and a data framework that allows results to be consistently tracked across functions, not just pilot projects.
Private Markets at an Inflection Point
Q: What will be the catalyst, not for a tsunami, but to see normalization in the private equity area?
Normalization will come from a combination of open capital markets, improved liquidity across the sponsor ecosystem, a maturation of the secondary market, and a broader retail participation that is appropriately guarded with education and safeguards.
Private Markets at an Inflection Point
Q: So let me start by taking a step back. When you both look across the private equity and credit markets today, what do you see as the single biggest shift in the landscape over the past 12 to 18 months?
The biggest shift is a structural change in market dynamics driven by higher rates and liquidity changes, which have elongated holding periods, increased emphasis on equity monetization pathways, and pushed the market toward a more normalized distributions environment after years of rapid growth.
‘Complexity is Our Friend’: James Brocklebank on Advent's Private Equity Strategy
Q: Where are the biggest opportunities for private equity investors now?
Opportunities persist in complexity-driven carve-outs and value-creation opportunities in Europe, with a focus on local presence and sector depth, while exits are slower and require more forward-looking monetization planning and multiple potential buyers.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

Listeners per Episode
Gender Skew
Location
Interests
Professions
Age Range
Household Income
Social Media Reach

Frequently Asked Questions About Exchanges

What is Exchanges about and what kind of topics does it cover?

This series centers on high-level finance, macro strategy, and market dynamics, often grounded in real-world asset allocation debates, liquidity design, and the impact of AI and geopolitics on portfolios. Guests are senior investors, policymakers, and researchers who dissect inflation, energy markets, private credit, and technology-driven shifts, with a strong emphasis on practical frameworks and risk management. A standout trait is the integration of rigorous, data-driven analysis from a top-tier financial institution, coupled with candid conversations about leadership, market structure, and long-horizon investing. Potential listeners will find clear takes on portfolio construction, the evolving role of AI in markets, and the interplay bet... more

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To see how many followers or subscribers Exchanges has on Spotify and other platforms such as Castbox and Podcast Addict, simply upgrade your account. You'll also find viewership figures for their YouTube channel if they have one.

Which podcasts are similar to Exchanges?

These podcasts share a similar audience with Exchanges:

1. The Markets
2. Thoughts on the Market
3. UBS On-Air: Market Moves
4. Making Sense
5. At Any Rate

How many episodes of Exchanges are there?

Exchanges launched 12 years ago and published 627 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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Our systems regularly scour the web to find email addresses and social media links for this podcast. We scanned the web and collated all of the contact information that we could find in our podcast database. But in the unlikely event that you can't find what you're looking for, our concierge service lets you request our research team to source better contacts for you.

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Rephonic pulls ratings and reviews for Exchanges from multiple sources, including Spotify, Apple Podcasts, Castbox, and Podcast Addict.

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What guests have appeared on Exchanges?

Recent guests on Exchanges include:

1. Pete Lyon
2. Michael Brandmeyer
3. Jim Covello
4. James Brocklebank
5. Tim Moe
6. Alexandra Wilson-Elizondo
7. Christian Mueller-Glissmann
8. Howard Marks

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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