Goldman Sachs names new co-COO of global TMT banking: memo

FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid (Reuters) – Goldman Sachs Group promoted Barry O’Brien to co-chief operating officer of its global tech, telecom and […]

FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid

(Reuters) – Goldman Sachs Group promoted Barry O’Brien to co-chief operating officer of its global tech, telecom and media investment (TMT) banking team, according to a memo seen by Reuters on Wednesday.

O’Brien, formerly co-head of the bank’s TMT M&A team, will hold the role with Jung Min, Goldman Sachs global head of TMT Nick Giovanni wrote in the memo to staff, the contents of which were confirmed by a bank spokesperson.

O’Brien, 43, joined Goldman Sachs in 2000 and was named partner in 2018. A Irish native and marathon runner, he has worked on major tech and media deals, including the $7.3 billion Grubhub sale to Just Eat Takeaway earlier this year and the Match.com spin-off from IAC.

He will replace Kim Posnett, who was named co-head of global investment banking services unit earlier this week as the first woman to fill the role. Based in New York, O’Brien will report to Giovanni.

Global tech M&A business has been booming during the pandemic and rising to the highest level since 2000. Goldman Sachs captured 34.6% of global market share for tech deals this year, according to Refinitiv data.

(This story corrects to add a dropped word in second paragraph)

Reporting by Krystal Hu; Editing by Marguerita Choy

Next Post

Analysis: A dive into Siena's polling | Columnists

He notes that Trump beat Democrat Hillary Clinton 306 to 232 electoral votes in 2016, with 270 needed to win. The national polling had Clinton winning the popular vote by 3 points. She won by 2.1 points. Greenberg called the popular vote polling “very accurate.” This year presents new math. […]