The Wall Street Journal

OpenAI’s Banker Joins Merchant Bank to Woo Tech Founders

BDT & MSD poaches Goldman Sachs’s star tech banker Ryan Nolan

Ryan Nolan joined Goldman Sachs in 2012 and was most recently a partner in its technology, media and telecommunications group.
Ryan Nolan joined Goldman Sachs in 2012 and was most recently a partner in its technology, media and telecommunications group. Photo: Goldman Sachs

Michael Dell thinks his fellow technology founders need more tailored advice. BDT & MSD, the merchant bank whose advisory board he chairs, is expanding its business to help them get it.

The firm is hiring Ryan Nolan, a top banker at Goldman Sachs, to co-lead its technology practice, executives said. Nolan is close to artificial-intelligence leader OpenAI and is advising on its planned restructuring and other matters. At BDT & MSD, he will partner with former Kleiner Perkins partner Juliet de Baubigny who joined in 2023.

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