March 19 (Bloomberg) -- Goldman Sachs Group Inc. named Andy Fisher head of technology equity capital markets, effective immediately, according to a memo to employees.
Fisher will report to David Ludwig, who leads technology, media and telecom equity capital markets, the firm’s executives wrote in the memo today, a copy of which was obtained by Bloomberg News. Michael DuVally, a spokesman for the New York-based bank, confirmed the memo’s contents.
Goldman Sachs earned $987 million in equity underwriting revenue last year, a 9 percent decline from 2011, the firm said in January. For the fourth quarter of 2012, that revenue surged 59 percent to $304 million from a year earlier.
“Goldman Sachs has enjoyed significant momentum in technology equity,” the bank said in the memo. “Andy was a key part of that success, having led many of our most important and meaningful transactions for the firm.”
Fisher, based in San Francisco, joined Goldman Sachs in 2005, according to Financial Industry Regulatory Authority records. He previously worked at Credit Suisse Group AG, the records show.
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