Samuel Sachs (/zɑːks/; July 28, 1851 – March 2, 1935) was an American investment banker.
[2] He is noted for changing the nature of merchant banking by underwriting of the flotation of many major companies through the use of these sales to raise funds.
[4] The family fled Germany to avoid the crises in the country that led to the revolutions of 1848.
Together they underwrote securities offerings for such large firms as Sears, Roebuck and Company.
During this time, Goldman Sachs also diversified to become involved in other major securities markets, like the over-the-counter, bond, and convertibles markets which are still a big part of the company's revenue today.