Earlier this year, in a move to shore up the firm's client experience across all divisions, KimPosnett was appointed as Goldman's head of global technology, media and telecom investment banking.
In her expanded role, Posnett, who has led more than 400 major tech deals over the last 20 years, will turn her attention to enhancing TMT's global strategy with a focus on strengthening client relationships while scaling her team's capabilities to service growing commercial opportunities.
Posnett's appointment was part of a broad restructuring at the investment firm, which earlier this year combined investment banking and trading into one unit, merged asset management and wealth management, and abandoned its bid to offer consumer banking.
Prior to her new position, Posnett was the global head of investment banking services for Goldman. She was the first woman in Goldman's history to occupy the position.
In that role, she led a team that managed global banking sales efforts, with responsibilities that included steering the bank's strategy for client coverage, extending the bank's international reach and ensuring a comprehensive and integrated customer service operation that supported more than 12,000 clients.
She continues to hold positions of influence within Goldman Sachs and is a member of the partnership committee and the investment banking executive committee. Additionally, she serves as the co-vice chair for the firmwide client franchise committee, which convenes 30 of the most senior client leaders from across the firm to globally oversee relationships between Goldman and its clients.
Posnett has been instrumental in developing and promulgating data, digitization and analytics strategies in investment banking services, and played a key part in helping launch an integrated client coverage portal in 2022, which gives each of Goldman's 450 bankers access to personalized, high-quality, actionable news and content to better facilitate client engagement.
According to Posnett: "We're in the early innings of the next major platform shift in technology and there's a lot we still need to address, but the breadth of opportunities is massive.
She faced a significant challenge this past year when she was tasked with scaling One Goldman Sachs (One GS) from a small pilot project in investment banking to a firmwide platform. Prior to the integration, clients had multiple touchpoints at the firm across various business segments.
A dedicated advocate for social impact, Posnett is a leading champion for the company's analyst impact fund. This initiative empowers analysts to contribute significantly to nonprofit causes through an annual presentation competition. Over the years, this initiative has resulted in more than $3.3 million in grants awarded to 118 nonprofits around the globe.
As part of her commitment to nurturing emerging leaders, Posnett is a member of the managing director sponsor program and the China mentoring program, where she provides counsel to up-and-coming Goldman Sachs talent.
In a recent
