Poland is becoming an increasingly important place for investment banks. With the Ministry of Treasury forging ahead with its privatization plans, the other main criterion that could make Warsaw a regional financial center is the presence of the largest of the sector's institutions in the Polish capital. Goldman Sachs yesterday announced plans to open an office to help "speed up the sale of shares by the Polish government". The company's arrival will mean that eight of the world's 10 biggest investment banks have an address in Warsaw. Only Barclays Capital and Morgan Stanley have yet to follow suit. Market rumors suggest the latter is already considering setting up a local office. The banks "are being lured by the possibility of co-operating with the Polish government in privatization. But nobody builds up a team just for a few privatization transactions," said Oliver Murphy, a financial consulting partner at Deloitte. "The banks clearly see potential for future activities. Polish companies have the chance to make interesting deals abroad and the biggest global banks could be very helpful in this."