People News: Goldman Sachs, TPG Capital

Eric Dobkin, who spent 49 years at Goldman Sachs, will retire after spearheading some of the world’s biggest initial public offerings, including the bank’s own.

Bloomberg News reports that Dobkin, 73, will become a senior director, according to a memo sent to employees Wednesday by CEO Lloyd Blankfein and President Gary Cohn.

Dobkin was a partner before the firm went public in 1999. He founded Goldman Sachs’s equity capital-markets division in 1985, and helped the firm become the leading underwriter on IPOs globally.

In the meantime, Bloomberg News also reports that TPG Capital hired Goldman Sachs partner Jack Daly to lead the private equity firm’s dealmaking in the industrials industry, a person with knowledge of the move said.

Daly, who leads industrial deals in a merchant banking group at Goldman Sachs, was recruited by TPG’s North America private equity head, Todd Sisitsky, and will join the firm in the coming months, said the person, who asked not to be named because the move hasn’t been announced. Fortune reported the hire earlier.

Goldman Sachs's Eric Dobkin to Retire After 49 Years at Bank

TPG Said to Hire Goldman Sachs Partner Daly for Industrials

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