Goldman Sachs names veteran Kim Posnett as global TMT head - memo

Ndl Ventures

03/05/2023 17:32

May 3 (Reuters) - Goldman Sachs Group Inc  GS.N  has
appointed veteran Kim Posnett as global head for its tech, media
and telecommunications (TMT)investment banking group, according
to a memo seen by Reuters.
    A seasoned banker, Posnett is one of the few executives who
spoke at the bank's investor day in February alongside its chief
executive and finance head.
    She currently leads an initiative called One Goldman Sachs
that aims to integrate the bank's dealings with clients across
teams and is the global head of investment banking services. 
    Her previous roles in the tech and media space included
co-chief operating officer of TMT and head of the global
internet business for Goldman Sachs. 
    As a TMT banker, Posnett has led more than 400 tech deals
over the last 20 years. Some of her recent high-profile deals
include Endeavor Group Holdings Inc's  EDR.N  purchase of World
Wrestling Entertainment Inc  WWE.N  for $9.3 billion in April.
     She joined the U.S. banking giant in 2005 and was named
managing director in 2012 and partner in 2016. 
    Former TMT co-head for M&A Sam Britton will become a
co-chairman of the unit, the memo said. 
    

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru, Anirban Sen
and Lananh Nguyen in New York; Editing by Arun Koyyur)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))