Goldman Names Philip to Banking Post as Mattson Retires

Goldman Sachs Group Inc. (GS) named David “Dusty” Philip co-head of investment banking for industrial companies as George Mattson, who ran or co-ran the group since 2002, prepares to retire.

Philip will oversee the unit with Alex Dibelius, New York- based Goldman Sachs said today in an internal memo obtained by Bloomberg News. Michael DuVally, a Goldman Sachs spokesman, confirmed the memo’s contents.

The industrials group provides advice and underwriting services to companies such as United Technologies Corp. and Tyco International Ltd. Goldman Sachs was the biggest adviser on takeovers in the sector in 2011, according to data compiled by Bloomberg.

Mattson, a New York-based partner, plans to retire after 18 years at the firm, Goldman Sachs said in a separate memo. Mattson helped advise Stanley Works on its merger with Black & Decker Corp. in 2010, according to The Deal magazine.

Philip was previously co-head of Americas mergers and acquisitions with Michael Carr, and is advising RSC Holdings Inc. on its planned sale to United Rentals Inc. He is based in New York and Dibelius is based in Germany.

Clare Scherrer will become chief operating officer for the group, Goldman Sachs said in a separate memo. She will also continue to run the industrials group in Europe, the Middle East and Africa.

The appointments were reported earlier today by the New York Times’ Dealbook.

To contact the reporter on this story: Zachary R. Mider in New York at;

To contact the editor responsible for this story: Jennifer Sondag at

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