By Liana B. Baker and Olivia Oran
May 23 (Reuters) - Goldman Sachs Group Inc hiredinvestment banker David Kamo from Credit Suisse Group AG as it seeks to grow its business working with privateequity firms, according to people familiar with the matter.
Kamo, who helped lead a new sell-side M&A effort at CreditSuisse, will join the New York-based bank in June, the peoplesaid.
Kamo will join the Financial Sponsors M&A group and reportto global head of sponsors M&A Stephanie Cohen, one of thepeople said.
The sources asked not to be identified because the hireshave not been publicly announced. Goldman Sachs and CreditSuisse declined to comment.
Kamo, a managing director who left the bank in March, is thelatest Credit Suisse banker to join Goldman. In March, Goldmanhired Sarah-Marie Martin as a partner in its Financial Sponsorsgroup.
Goldman, which ranked as the top advisor in global M&Aduring the first quarter of 2016, according to Thomson Reutersdata, is looking to expand its business advising private equityfirms. Credit Suisse ranked third in global M&A in the firstquarter of the year.
Kamo joined Credit Suisse in 2015 from Barclays PLC. The Swiss bank replaced Kamo earlier this month whenit named Haidee Lee, a former BMO Capital Markets banker, to be head of sell-side M&A Americas in its investmentbanking and capital markets division.
Credit Suisse has lost several bankers this year, includinga Chicago-based managing director, Sam Shah, and a director,Raghu Velamati, who are both joining Australia's Macquarie GroupLtd to focus on the education and business servicessectors, Reuters reported on Monday.
Last week, five senior technology investment bankers atCredit Suisse in San Francisco left for Jefferies LLC, a unit ofLeucadia National Corp. (Reporting by Liana B. Baker in San Francisco and Olivia Oranin New York; Editing by Sandra Maler)
Barclays (BARC)
