On January 30, Ryan Nolan, a partner in Goldman Sachs' technology, media, and telecommunications group, as well as global co-head of software investment banking, is departing from the firm, as stated in a memo seen by Reuters.
Nolan is expected to transition to private bank BDT & MSD Partners after dedicating approximately 13 years to Goldman Sachs, a source familiar with the situation revealed to Reuters.
Both Goldman Sachs and BDT & MSD Partners have not supplied any further comments at this time.
Nolan joined Goldman in 2012 and earned the title of managing director in 2015 before becoming a partner the same year.
In his role as a technology banker, Nolan provided guidance to clients on various financial matters including mergers, acquisitions, initial public offerings, and debt and equity financing, as outlined in the memo.
Prior to joining Goldman Sachs, Nolan held a senior associate position at the New York-based international law firm Simpson Thacher & Bartlett. He is also active on the boards of organizations like REDF, an employment consultancy firm, and America's Frontier Fund.
Goldman Sachs reportedly appointed Jung Min and Barry O'Brien as the new global co-heads of the TMT group, sources familiar with the situation disclosed on Thursday. Additionally, the Wall Street institution promoted tech-focused banker Jane Dunlevie to serve as the chief operating officer of the group.
These promotions were initially reported by the Information.
Goldman Sachs exceeded Wall Street forecasts earlier last month, credited to its investment bankers generating higher fees, marking its most profitable quarter in over three years.