artificial intelligence<\/a>, creating two new teams \u200cwith new leaders, according to the internal memo seen by Reuters.<\/p>\nThe bank is combining its \u200ctelecom and “CoreTech” teams to form a new Global Infrastructure Technology sector. The unit will be co-headed by partners Yasmine Coupal and Jason Tofsky. Coupal, a partner since 2020, joined the bank in 2004, while Tofsky, who became a \u2060partner in 2022, started in \u200c2008.<\/p>\n
Within that new group, Kyle Jessen will become head of infrastructure technology M&A. Jessen, who was named a partner \u200din 2024, will also continue in his role as head of semiconductor coverage, a critical area amid the global focus on chip manufacturing and supply chains.<\/p>\n
The second \u200bnew sector is Global Internet and Media, which will be co-headed \u200cby Brandon Watkins and Alekhya Uppalapati. Watkins, a partner since 2022, has been with the firm since 2010. Uppalapati is a managing director who joined in 2009.<\/p>\n
The spokesperson for Goldman Sachs confirmed the contents of the memo shared with the bank’s employees earlier on Monday.<\/p>\n
The reorganization of one of \u2060Wall Street’s most powerful advisory teams highlights \u200bthe evolving landscape of technology and media, \u200bwhere dealmaking is increasingly driven by the convergence of digital infrastructure, such as data centers, with core technology and the continued \u200ddominance of internet \u2060platforms. The move positions Goldman to better capture opportunities in these high-growth areas.<\/p>\n
The changes are intended “to enhance our coverage model to serve \u2060our clients\u2019 ambitions and objectives,” said Jung Min and Barry O\u2019Brien, the global co-heads of \u200cthe bank’s TMT group, in the memo.<\/p>\n
(Reporting by Milana Vinn \u200cin New York;Editing by Nick Zieminski)<\/p>\n","protected":false},"excerpt":{"rendered":"By Milana Vinn Dec 15 (Reuters) – Goldman Sachs is restructuring its influential technology, media, and telecom (TMT)…\n","protected":false},"author":2,"featured_media":351134,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,181,507,174831,28222,101292,174827,174828,74,26311,174830,174829],"class_list":["post-351133","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-global-infrastructure-technology","tag-goldman-sachs","tag-internal-memo","tag-jason-tofsky","tag-kyle-jessen","tag-technology","tag-tmt","tag-tmt-group","tag-yasmine-coupal"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/351133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=351133"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/351133\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/351134"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=351133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=351133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=351133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}