Within every investment banking group, there is a need for someone who has a handle on all the actual business information who’s doing what, how many people are working there, what computer systems they use and need and what it all costs. What do these mean? Another venture into title decryption is necessary. As well as a collection of directly revenue-generating titles, she’s been COO of the TMT group and Co-head of One Goldman Sachs. Ms Posnett might be the exception that proves the rule, though although she seems to have stayed close to the tech and media industry and has a collection of tombstones including the Twitter and WWE deals, she’s by no means a pure dealmaker. That’s quite unusual at Goldman, where high-flyers are typically encouraged to move around the bank to get experience in a variety of roles. Apart from the Investment Banking Services role (and a brief acting career, appearing in two films between university and business school when she was momentarily pursuing a career in entertainment), all her jobs have been in this specific group. She joined as an analyst in 2005, made MD by 2012 and was Global Head of Internet investment banking three years later. Ms Posnett's profile gives a picture of someone who’s not just a Goldman lifer, but specifically a whole career employee of the TMT investment banking team. Anyway, Kim Posnett was the first, and is now the second, and it’s clear from the coverage that this is a promotion. ![]() If you had to guess, which would you say was the more senior and important role? “Global Head of Investment Banking Services” or “Global Head of Technology, Media and Telecommunications Group”? It’s not wholly obvious to people unfamiliar with the heraldry of banker titles, but the trick is to realise that the additional word “Services” significantly modifies “Global Head of Investment Banking” and that TMT is one of the biggest and most important franchises at Goldman Sachs.
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