Goldman Sachs CEO David Solomon has named Google veteran Jared Cohen to oversee a new innovation group.
As CNBC reported Tuesday (July 12), Cohen was a protege of Google CEO Eric Schmidt and the founder of Jigsaw, one of the tech colossus’ incubators.
The report notes that this is the latest series of moves by Solomon to bring a tech focus to Goldman Sachs. In 2019, he hired Amazon Web Services executive Marco Argenti to serve as co-chief information officer.
“Working closely with leaders across Goldman Sachs, George and Jared will specifically identify and advance commercial opportunities for the firm that are at the intersection of a changing global marketplace, shifts in the geopolitical landscape, and rapidly evolving technology,” Solomon said in a memo obtained by CNBC.
At Goldman, Cohen will have the company’s most senior rank, serving as a partner and management committee member, and president of global affairs.
Read more: BNY Mellon Names Longtime Goldman Executive Dermot McDonogh CFO
Last week, former Goldman exec Dermot McDonogh was named chief financial officer at Bank of New York Mellon, ending a 25-year run at Goldman Sachs.
McDonogh is set to join BNY Mellon in November, taking over as CFO from Emily Portney in February. From there, Portney will enter a new role in the company, heading the bank’s treasury services, credit services, and clearance and collateral management businesses.
At Goldman, McDonogh’s most recent position was as the chief operating officer for Europe, the Middle East, and Africa (EMEA) and the chief executive of Goldman Sachs International Bank.
Learn more: Citi Names Goldman Sachs Veteran Artie Ambrose Head of TTS Operations
And in late June, Citi named Goldman vet Artie Ambrose as head of its treasury and trade solutions (TTS) operations division effective Aug. 1. Ambrose was most recently global head of treasury services operations at Goldman, where he helped develop the bank’s digital corporate and consumer banking divisions.
