Goldman Sachs names new co-heads Sam Britton, Matt Gibson for TMT group

Goldman Sachs Group Inc has named veteran bankers Sam Britton and Matt Gibson to co-lead its global technology, telecom and media (TMT) franchise, according to an internal memo released on Thursday and seen by Reuters.

Earlier on Thursday, the former head of global TMT, Nick Giovanni, announced he was leaving to become chief financial officer at delivery platform Instacart.

Britton, a seasoned tech banker who has spent over 24 years at Goldman, has led some of the largest software deals in history, including Slack’s $27.7 billion sale to Salesforce and IBM’s $34 billion purchase of Red Hat. He will continue to run the team from San Francisco.