Goldman Sachs has reshuffled its TMT team following the departure of global co-head of TMT Anthony Noto, who leaves after 13 years with the bank.
Simon Holden, Nick Giovanni and Michael Ronen have been appointed co-chief operating officers of the global…
Goldman Sachs has reshuffled its TMT team following the departure of global co-head of TMT Anthony Noto, who leaves after 13 years with the bank.
Simon Holden, Nick Giovanni and Michael Ronen have been appointed co-chief operating officers of the global TMT group, according to internal memos obtained by TelecomFinance and verified by Goldman Sachs.
Holden is Goldman Sachs’ global head of telecoms and leads its TMT activity in EMEA. Ronen is responsible for the bank’s TMT M&A advisory across the Americas, while Giovanni is global head of the internet sector.
They will work closely with the firm’s now sole global head of TMT, Dan Dees, and its co-chairmen of TMT, Gene Sykes and George Lee.
The bank would not comment on where Noto, who was a key figure in Twitter’s IPO last year, planned to go next, however reports have suggested he is moving to hedge fund Coatue Management.
Goldman Sachs came second in TelecomFinance’s 2013 league table for telecoms M&A advisory in EMEA, being involved in four deals worth a combined US$27.6bn.
Recently the firm served as lead financial advisor to Charter Communications in its US$22bn agreement with Comcast to acquire subscribers.
It also acted as lead left bookrunner on Apple’s US$12bn financing package which priced last month, and advised Microsoft on its recently-closed US$7.2bn purchase of Nokia’s handset business.
