Who are Goldman Sachs' favorite investment bankers in the dying days of 2019? Last week's managing director promotions suggest its technology bankers are high on the list.
Goldman's new MD class featured at least ten members of its technology, media and telecoms (TMT) banking team globally. The lucky people included Danny Akerman, its head of technology, media and telecoms banking for Israel; Raymond Hagen, a TMT banker in London; Kyle Jessen and Nicole Irvin in San Francisco and Alekhya Uppalapati, a technology banker in New York City.
There was also a cluster of TMT promotions in Hong Kong, featuring fintech banker Geddes Johnson, TMT banker Emma Taylor, Andy Tai Goldman's head of TMT in Southeast Asia, and Curtis and Jacky Leung (no relation).
The promotions might be explained by the fact that Goldman's technology banking team is top globally so far in 2019 (and has been top consistently since 2012). It probably helps too that the technology sector was the most active for M&A globally in the first nine months of the year, and experienced the fastest growth.
Headed by Nick Giovanni in San Francisco, Goldman's TMT team is one of its most gender diverse. Tammy Kiely is partner and co-head of technology banking in San Francisco, where MDs Jane Dunlevie and Yasmin Coupal are also based. Kim Posnett is a TMT partner in New York and is now the COO of the group. Anne Russ is also based in NY and is an MD in TMT leveraged finance.
In Silicon Valley, 50% of Goldman's tech MDs are already women. This is likely to rise increase: 70% of the VPs on the tech team are female too. It's proof that women can thrive in banking, given the right role models and an opportunity to get ahead.
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