Goldman Sachs’ top Apple analyst has just quit for investor relations
One of the top technology analysts at Goldman Sachs, who was responsible for the bank’s coverage of Apple, has just jumped out of investment banking for an investor relations role at a huge Silicon Valley tech firm.
Simona Jankowski, a managing director and senior equity research analyst for the hardware and communications technology sector at Goldman Sachs, is now vice president of investor relations at NVIDIA, a tech hardware company that produces graphic processing units (GPUs) for gaming companies as well as other professional industries. NVIDIA, which is based in Santa Clara, California, has over 10,000 employees globally.
Jankowski took over responsibility for covering Apple stocks at Goldman Sachs from Bill Shope in September 2015. Shope, the bank’s former deputy director of research for the U.S, left in March last year and started his own B2B software platform, Replogic, in September.
Jankowski is a well-regarded and high-profile analyst at Goldman Sachs who has worked at the bank for her entire career. She joined as an associate within its technology investment banking division in 2001 and also covered the semi-conductor industry within Goldman’s Global Investment Research division for seven years. She was named managing director in 2011.
Senior equity analysts have been leaving investment banks as regulation has prompted many banks to cut headcount in this area. Investor relations has been a particularly popular new vocation, as analysts swap one end of the phone line for the other.
Edward Hill-Wood, a managing director and head of European internet research at Morgan Stanley, left to head up investor relations at e-commerce firm Naspers in May. Meanwhile, Will Draper, the former head of telecoms research at Mirabaud Securities in London, became director of investor relations at BT, and Richard Burden, a managing director in insurance equity research at Credit Suisse, quit to head up investor relations at Zurich Insurance late last year.
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