Goldman Sachs has promoted investment bankers Ryan Limaye and Nick Giovanni, naming them coheads of global technology investment banking, according to an internal memo on Tuesday.
Limaye, who had been the head of enterprise technology banking since 2014, will continue in that role in addition to his new position. He will work closely with Ward Waltemath who heads software and Tammy Kiely who heads semiconductors.
Giovanni had been head of internet banking since 2012. Kim Posnett, his cohead, will take over as the sole head of that division.
Both Limaye and Giovanni are partners at Goldman.
"Ryan and Nick will focus on clients and help to set the strategic direction of our technology business as the sector continues to grow in importance for the firm," said Dan Dees and George Lee, two senior bankers who signed the memo.
Dees is head of global technology, media, and telecommunications, or TMT, while Lee is chairman of global TMT.
"Ryan and Nick have been instrumental in building our Technology franchise over the last 20 years," they said.
Goldman Sachs was ranked No. 1 in the global technology mergers and acquisitions in the 2016 league tables, according to Thomson Reuters data.
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