Goldman Sachs Said to Bring On Credit Suisse's Martin as Partnerby
She's said to join financial-sponsors group after time off
Banker has worked with world's largest private-equity firms
Goldman Sachs Group Inc. hired Sarah-Marie Martin as a partner in its financial-sponsors group, luring away a Credit Suisse Group AG banker who works with the world’s largest private-equity firms, according to a person with knowledge of the hire.
Martin, who helped run Credit Suisse’s financial sponsors group in the Americas, will join the New York-based bank after a so-called gardening leave, said the person, asking for anonymity to discuss personnel. Michael DuVally, a bank spokesman, declined to comment.
Goldman Sachs has been reshaping its investment-banking division, merging financing units and giving younger executives more responsibility as it seeks to more efficiently sell advice and services to corporate clients. Private-equity firms are among Wall Street’s biggest clients. Goldman Sachs was the No. 1 merger adviser globally in 2015, a ranking it has maintained this year.
Martin, a managing director at Credit Suisse, joined the Swiss bank in 1995, according to her LinkedIn profile. Her boss at Goldman Sachs will be the global head of financial sponsors, Alison Mass, who reports to the co-heads of investment banking, Richard Gnodde, David Solomon and John Waldron. Reuters reported the hiring earlier.