Goldman Tech Banking Co-Head Tammy Kiely Departs for Evercore

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 decade — has been climbing up merger advisory ranking tables and leapfrogging larger banks.

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