What's Next for Goldman After United Cap Deal?

"There's an opportunity for us to grow our wealth management business more meaningfully in Europe," Scherr said. "If there was an opportunity for us to look at an asset that could accelerate our entry into wealth management in Europe, we would look at it."

Executives at Goldman Sachs have been sketching out more details of how the firm plans to expand beyond its investment-bank division into more stable sources of revenue.

The brokerage last month agreed to buy U.S. wealth manager United Capital for $750 million, one of its biggest deals in recent years, and is also targeting transaction banking and consumer services.

Meanwhile, the firm continues its "very co-operative repose" with the Department of Justice over the probe into Goldman's dealings with Malaysia's state investment fund 1MDB, Scherr said.

"I'd like to say we'll be in a position to resolve this quickly but we'll need to see how that plays in the rather constructive dialogue we're having with the Department of Justice in the U.S. and other regulators around the world," he explained.

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