Brocker.Org: Goldman Sachs just named a new head of its large tech division


Elisha Wiesel.Goldman Sachs

Goldman Sachs just named a new main info officer.

Elisha Wiesel will take on the part, which is currently held by the tatted-up former tech exec Marty Chavez, according to an inner memo signed by CEO Lloyd Blankfein, co-COOs David Solomon and Harvey Schwartz, and Chavez himself.

Which is the initial time we have seen that line-up of names on an inner memo because former COO Gary Cohn left the firm and Solomon and Schwartz took around as co-COOs.

Chavez will come to be main financial officer of the world-wide expense bank in April. 

Wiesel — who is at present main threat officer for the securities division and world-wide head of securities division desk strategists — will oversee the entire tech division, which is the most significant in the firm by headcount, as nicely as the engineers and strategists embedded in other components of the firm.

The complete engineer inhabitants is about eleven,000 individuals.

Wiesel is the son of the writer, Nobel Laureate, and Holocaust survivor Elie Wiesel. He joined the firm in 1994 in the J. Aron division — the identical team wherever Blankfein and Cohn commenced out — and made companion in 2004.

“‪Elisha will set the firm’s know-how method and standards, even more modernize our know-how platforms and work with businesses to leverage know-how to comprehend our professional targets,” the memo read.

“As current market, regulation and know-how pitfalls evolve, Elisha will lead our efforts to be certain that we deploy productive know-how to tackle our clients’ wants.”

Goldman Sachs Don Duet Don Duet.Goldman SachsThe know-how division head, Don Duet, in the meantime, will be leaving after 28 years with Goldman Sachs. John Madsen and Umesh Subramanian will come to be coheads of the tech division in his stead, and will report to Wiesel.

Duet “is a regarded world-wide leader in financial solutions know-how and thought leader in open up source, automation and cloud computing, and has taken innovative methods to resolving challenges, making efficiencies and setting up new know-how,” Chavez wrote in an inner memo.

He joined the firm in 1988 and labored in London, Frankfurt, and Tokyo before returning to New York. He not too long ago led the firm’s development of App Bank, a equipment-discovering initiative, and helped establish Symphony, a cloud-centered communications platform.

In advance of currently being named tech division cohead, Madsen was world-wide head of the organization platform workforce. He joined the firm in 2003 and manufactured companion in 2014. Umesh was world-wide head of the finance engineering workforce. He also manufactured companion in 2014, after becoming a member of the firm in 2005.