American multinational financial giant Goldman Sachs Group has reportedly hired Brian Cayne, a co-founder of boutique tech investment bank Qatalyst Partners, as a global co-head of its software investment banking group.
According to Reuters, Brian Cayne will likely start at the Wall Street giant in January 2026. Based in San Francisco, he will co-lead the software banking practice alongside existing co-heads Joe Porter in London and Jason Rowe in New York.
“In his new role, Brian Cayne will report to Barry O’Brien and Jung Min, who serve as the global co-heads of Goldman Sachs’ technology, media, and telecom (TMT) investment banking group,” sources quoted by Reuters said.
Brian Cayne spent 15 years at San Francisco-based Qatalyst Partners, helping the latter to establish itself as a premier advisory firm focused on the technology sector before leaving the bank in 2023. He joined the firm in 2008 as part of the founding team led by legendary tech banker Frank Quattrone.
The high-profile hire also highlights Goldman Sachs’ push to bolster its advisory practice in the lucrative and highly competitive software sector. Talking about Goldman Sachs, the latter was ranked number one in global technology M&A in 2025 by deal value, advising on transactions totalling USD 337.8 billion, giving it a 42.5% market share, according to data compiled by LSEG.
Some of the bank’s largest deals in 2025 included the USD 56.5 billion leveraged buyout of Electronic Arts and Alphabet’s USD 32 billion acquisition of cloud security firm Wiz.
“Brian Cayne’s hire signals the bank’s intent to compete aggressively for top talent and major deals as it reshapes its influential TMT group to better capitalise on key growth trends, including artificial intelligence (AI),” Reuters reported.
Goldman Sachs is currently carrying forward a wider reorganisation of its TMT investment banking division. The effort will see the division putting a strategic focus on infrastructure deals and AI in the coming days. As part of that overhaul, the bank combined its telecom and “CoreTech” teams to form two new groups: Global Infrastructure Technology and Global Internet and Media.