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Goldman Sachs hires Alphabet tech incubator CEO Jared Cohen for brand new innovation group

Jared Cohen

Anjali Sundaram | CNBC

Goldman Sachs CEO David Solomon has employed one other senior govt from the know-how sector.

The funding financial institution is including Alphabet’s Jared Cohen, a protege of former Google CEO Eric Schmidt and founding father of Jigsaw, an incubator on the tech big, to assist begin a brand new innovation group, Solomon mentioned Tuesday in a memo obtained by CNBC.

It is the most recent step Solomon has taken to inject a know-how focus into the 153-year-old funding financial institution. The group, known as the workplace of utilized innovation, shall be led by Cohen and co-chief data officer George Lee. In 2019, Solomon employed former Amazon Net Providers govt Marco Argenti as co-chief data officer.

“Working intently with leaders throughout Goldman Sachs, George and Jared will particularly determine and advance industrial alternatives for the agency which are on the intersection of a altering international market, shifts within the geopolitical panorama and quickly evolving know-how,” Solomon mentioned. They are going to report on to Solomon.

Cohen is becoming a member of New York-based Goldman at its senior-most rank: He’ll be a associate and administration committee member and also will function president of world affairs, Solomon mentioned.

The strikes depart Argenti as sole chief data officer, beginning in October, he added.

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