Goldman Sachs Appoints David Dubner as COO of Global M&A

NEW YORK (Reuters) – In a significant move to strengthen its leadership in the mergers and acquisitions sector, Goldman Sachs has officially named David Dubner as the new Chief Operating Officer (COO) of Global M&A, according to a memo obtained by Reuters on Wednesday. This appointment comes at a time when the firm is looking to bolster its market-leading franchise in one of its most vital business areas.

Dubner’s Role and Experience

In his new role as COO, Dubner will leverage nearly two decades of experience at Goldman Sachs to help shape and implement the firm’s strategic vision for growth. The memo, which cited Stephan Feldgoise, co-head of Goldman’s Global M&A business, emphasized Dubner’s extensive background in the industry. Currently, Dubner serves as the global head of M&A structuring within investment banking, a position he will continue to hold alongside his new responsibilities.

Market Conditions and Future Outlook

Despite the optimism expressed by Wall Street executives last year regarding business-friendly regulations following Donald Trump’s return to the presidency, the current landscape for U.S. mergers and acquisitions is showing signs of weakness. According to Dealogic data, the first two months of 2025 recorded the slowest pace of M&A activity since the financial crisis, with only 1,603 deals signed through Friday. This marks the slowest start by volume since 2009, raising concerns about the future of deal-making in the coming months.

Dubner’s Contributions to M&A

As COO, Dubner will oversee not only the M&A capital markets but also the newly established M&A Quants practice. His team has been instrumental in advising major corporations, including Honeywell, which is in the process of splitting into three independently listed companies. This strategic move is significant as it marks the dissolution of one of America’s last remaining conglomerates. Earlier this month, Honeywell announced plans to separate its aerospace and automation businesses into distinct entities, in addition to its previously disclosed spin-off of the advanced materials unit.

Looking Ahead

Goldman Sachs’ decision to appoint Dubner as COO of Global M&A reflects its commitment to maintaining a strong leadership presence in a challenging market environment. As the firm navigates through these turbulent waters, Dubner’s extensive experience and strategic insight will be crucial in steering the company towards future growth and success.

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