Goldman Sachs has hired an executive director from Deutsche Bank in Milan as opportunities for finance professionals in the Italian city proliferate.
Graziano Gemma, a former director of investment banking at Deutsche in Milan joined Goldman Sachs this month, according to his LinkedIn profile. Gemma, who was at Deutsche for 10 years, joins Goldman as an executive director in the Italian city.
Gemma’s arrival comes as Goldman Sachs has been expanding its Milan office as it builds a local presence in Europe. The bank has been in Milan for sometime, but earlier this year it moved to an office near the Duomo cathedral where it intends to house around 130 people. Two years ago, Goldman said it wanted to increase its Milanese investment banking team from around 20 people to over 100. However, there’s not much sign of all this additional hiring yet.
Goldman Sachs isn’t the only opportunity for bankers in Milan. EQT Partners, the venture capital and private equity firm with €61bn in assets under management, is strengthening its presence in Milan under Federico Quitadamo, its head of Italy. EQT recently hired Niccolò Consonni, a former healthcare banker at Morgan Stanley in London, for its Italian team.
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