One of Goldman Sach’s most active investment banking units just promoted two star tech bankers to partner – one of the most coveted titles on Wall Street.
Barry O’Brien and Ward Waltemath both woke up early on Wednesday to calls from Goldman’s president John Waldron, congratulating them on their new roles. They weretwo of just 69 people across the bank given the new title.
Goldman’s technology, media and telecom investment banking team now has 17 partners globally, more than half of which are based out of San Francisco. Goldman ranks first for US technology M&A deals so far this year, according to Dealogic data. It’s worked on 49 such deals, compared to 34 for No. 2 JPMorgan.
O’Brien has worked at Goldman Sachs for 19 years. He is based out of New York, where he head tech M&A and co-heads TMT M&A, and left his mark of key deals including IBM’s $US34 billion acquisition of Red Hat and AT&T’s acquisition of AppNexus for a reported price of $US1.6 billion
O’Brien, who grew up in Ireland, moved to New York in 2004. He just completed the New York City Marathon on November 4, but the sprint continues when it comes to tech deals.
Source: Business Insider