By Nicola Leske
May 8 Goldman Sachs Group Inc has hired
Deutsche Bank senior equity analyst Tom Ernst as a
managing director to co-head its software banking team, a
company spokesman said late on Wednesday.
Ernst will be based in San Francisco starting early July and
will lead the division with Ward Waltemath, the spokesman said,
confirming a Reuters report earlier in the day.
Ernst, who has covered the software industry for 14 years,
said on his LinkedIn profile that he would join the investment
bank as global co-head of Software Investment banking in July.
Ernst had worked at Deutsche Bank for 9 years, his LinkedIn
Ernst joins Goldman Sachs after some members of the bank's
technology group left investment banking earlier this year to
pursue industry careers, including former Internet and new media
chief Scott Stanford and software chief Ned Segal. Stanford went
on to help form a venture capital firm called Sherpa, while
Segal joined RPX Corp as chief financial officer.