Goldman Sachs Group Inc. investment banker Tammy Kiely is jumping to Evercore Inc., the latest example of boutique advisory firms muscling in on their larger rivals’ turf.
(Bloomberg) — Goldman Sachs Group Inc. investment banker Tammy Kiely is jumping to Evercore Inc., the latest example of boutique advisory firms muscling in on their larger rivals’ turf.
Kiely, a prominent banker to the semiconductor industry who’s based in San Francisco, was also co-head of the firm’s technology investment-banking group. She had been at Goldman since it went public in 1999, and spent most of her career in the technology-banking practice.
Goldman persuaded Kiely to stay in 2018 after she had agreed to join Morgan Stanley. The firm then gave her an expanded role — initially to service a larger group of clients — before elevating her the next year to run technology investment-banking alongside Ryan Limaye.
Kiely’s move was confirmed by people familiar with the matter who asked not to be identified discussing private matters. Representatives for New York-based Goldman and Evercore declined to comment.
Goldman, a dominant investment-banking adviser to the world’s biggest corporations, held the No. 1 rank for completed deals in the tech industry over the past year, according to data compiled by Bloomberg.
The 52-year-old banker has had a role in several major semiconductor deals, and counted Qualcomm Inc., Intel Corp. and Nvidia Corp. among her roster of clients.
Earlier this year, Evercore poached another Goldman banker — software banking head Nick Pomponi. The boutique run by John Weinberg — a scion of the family that ran Goldman Sachs for several decades — has been climbing up merger advisory ranking tables and leapfrogging larger banks.
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