Summary List Placement
Goldman Sachs is putting a lot of stock in its dealmaking efforts in the tech industry.
The elite Wall Street bank announced its 2020 partner class on Thursday — and seven of the 19 investment bankers elevated to partner status came from the bank’s technology, media, and telecommunications (TMT) group.
On the whole, Goldman elevated 60 people to partner status, which brings the total number of partners at the elite Wall Street firm to fewer than 440, a reduction in the historical partner class size, which reflects CEO David Solomon’s efforts to tighten the pool on the partner class and make it more exclusive.
Read more: Goldman Sachs just dropped the names of its 2020 partner class, and it’s a big day for investment bankers in TMT
Nick Pomponi, a co-head of global software investment banking, told Business Insider that the number of TMT partners elevated on Thursday demonstrates the value that the firm places on its tech practice.
“I think it just really demonstrates the investment that Goldman is putting into our technology practices, and our team broadly,” Pomponi said, adding that it’s also a nod toward “how busy we all expect to be over the years to come.”
Goldman Sachs’ entire …read more
Source:: Businessinsider – Finance