Exclusive-Goldman hires Qatalyst co-founder Cayne for software banking push, sources say

Group 1 - Goldman Sachs has hired Brian Cayne as a global co-head of its software investment banking group, indicating a strategic move to enhance its advisory capabilities in the software sector [1][2][3] - Cayne will start in January and will co-lead the software banking practice with existing co-heads Joe Porter and Jason Rowe, reporting to Barry O'Brien and Jung Min [2][3] - The hire reflects Goldman's ambition to strengthen its position in the competitive software market, particularly in light of growth trends such as artificial intelligence [3][5] Group 2 - Goldman Sachs ranked No. 1 in global technology M&A in 2025 by deal value, advising on transactions totaling $337.8 billion, which represents a 42.5% market share [4] - Major deals this year included a $56.5 billion leveraged buyout of Electronic Arts and a $32 billion acquisition of cloud security firm Wiz by Alphabet [4] - The bank is undergoing a reorganization of its TMT investment banking division, focusing on infrastructure deals and AI, which includes the formation of new groups from its telecom and CoreTech teams [5][6]