Goldman appoints Dees co-head of global TMT

The US bank's former co-head of investment banking for Asia-Pacific ex-Japan is in the process of re-locating to San Francisco for his new role. Penkin and Vella are promoted to co-heads of the regional financing group.

Dan Dees has been appointed co-head of Goldman Sachs’s global technology, media and telecom TMT group to pave the way for his relocation to the US this month.

The fact that Dees is leaving Asia was reported by FinanceAsia in early November but his new role was only announced by Goldman in the US on Tuesday. According to an internal memo, Dees, who is 43, will be based in San Francisco and will work alongside fellow TMT co-head Anthony Noto.

The fact he is moving into a sector role is somewhat surprising given that he is one of Goldman’s most senior bankers in Asia....

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