Goldman Sachs Redistributes Its M&A Manpower
The biggest changes happening are for Goldman Sachs’ mergers and acquisitions divisions.
First, Gregg Lemkau, who has been head of M&A in Europe, the Middle East, and Africa, has been promoted to join Gene Sykes as a joint head of Goldman Sachs’s global M&A division. Lemkau will be filling a seat that had been empty since Yoel Zaoui’s departure last year left Sykes the sole head of global M&A.
Lemkau will be bringing with him more than 10 years of experience as a partner in the company. He had formerly been a global co-head of the Technology, Media, and Telecom Group and the chief operating officer of the Investment Banking Division at Goldman Sachs…
Pozzi is following closely in Lemkau’s footsteps. Pozzi became a partner in 2008, and he has been and will continue to be the head of Investment Banking Services in EMEA. He will be exiting his position as co-head of the global consumer retail group, but he will remain responsible for many of his clients from that position. Pozzi will move up to take the M&A position that Lemkau is vacating. In turn, FX de Mallmann will be stepping up to take Pozzi’s place in the global consumer retail group.
These changes in M&A are significant for Goldman Sachs, as the firm was the largest adviser of mergers and acquisitions globally in 2012, maintaining its ranking. Last year, the firm advised 427 deals, worth a total of $717.6 billion. With more powerful players taking charge of M&A at Goldman Sachs, it may be able to increase its 27.7-percent market share of M&A. The firm has already announced $202.6 billion worth of deals in 2013 so far.
With M&A deals said to have a market of $2.6 trillion dollars in 2012, there is still a lot more of the pie for Goldman Sachs to have, and the new M&A jockeys may be key to cornering more of the market