Goldman Sachs hires from rivals to expand in mid-market deals

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Goldman Sachs Nouvelles

Eddie Rubin,Kerry Burke,Evercore

Goldman Sachs told Reuters it has hired two investment bankers, Kerry Burke and Eddie Rubin, from Evercore and Lazard, respectively, as part of a push to...

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange in New York CityNEW YORK - Goldman Sachs told Reuters it has hired two investment bankers, Kerry Burke and Eddie Rubin, from Evercore and Lazard, respectively, as part of a push to double down on its business that focuses on advising on deals worth up to $2 billion.

"Our people who are doing middle-market deals are excited about the entrepreneurial aspect of the business - they deal with family-owned businesses, founder-run businesses, sponsor portfolio companies and companies that are growing rapidly. This is all highly attractive business for GS," said Friedland, who is a partner at Goldman.

Over the past few years, top boutique investment banks including Evercore, Centerview Partners and PJT Partners, embarked on aggressive hiring sprees for top dealmakers as they sought to capture a bigger share of advice on mega deals that generate huge paydays for advisers.

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