Goldman Sachs names software investment banking group co-head – report

Cayne will jointly lead the software banking practice alongside Joe Porter in London and Jason Rowe in New York.

Goldman Sachs has appointed Brian Cayne as its software investment banking group global co-head, reported Reuters, citing people with knowledge of the matter. 

A co-founder of Qatalyst Partners, Cayne will begin his role in January 2026, based in San Francisco, jointly leading the software banking practice with Jason Rowe in New York and Joe Porter in London. 

In the new position, Cayne will report to Goldman Sachs’ technology, media, and telecom (TMT) investment banking group co-heads Barry O’Brien and Jung Min. 

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According to the news agency, Cayne previously worked at Qatalyst Partners for 15 years, where he joined as part of the founding team led by Frank Quattrone in 2008. 

The hiring comes as Goldman Sachs seeks to strengthen its advisory business in the software sector.  

The bank is undertaking a broader TMT investment banking unit reorganisation, and restructuring the group with a focus on AI and infrastructure deals, according to an internal memo previously seen by Reuters. 

Goldman Sachs has merged its telecom and CoreTech teams to create two new units, Global Infrastructure Technology and Global Internet and Media. 

In 2025, the bank ranked advised on transactions worth $337.8bn holding a 42.5% market share, Reuters reported, citing LSEG data. 

Its notable transactions this year included the $56.5bn leveraged buyout of Electronic Arts and Alphabet’s $32bn purchase of Wiz, a cloud security company. 

Recently, Goldman Sachs has signed an agreement to acquire Innovator Capital Management, a provider of defined outcome exchange-traded funds (ETFs), in a transaction worth around $2bn.  

Innovator currently manages 159 defined outcome ETFs. 

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