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

Jared Cohen

Anjali Sundaram | CNBC

Goldman Sachs CEO David Solomon has employed some other senior government from the era 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 large, to assist get started a brand new innovation team, Solomon mentioned Tuesday in a memo acquired by means of CNBC.

It is the most recent step Solomon has taken to inject a era focal point into the 153-year-old funding financial institution. The gang, known as the place of job of carried out innovation, shall be led by means of Cohen and co-chief knowledge officer George Lee. In 2019, Solomon employed former Amazon Internet Products and services government Marco Argenti as co-chief knowledge officer.

“Running intently with leaders throughout Goldman Sachs, George and Jared will in particular determine and advance business alternatives for the company which are on the intersection of a converting international market, shifts within the geopolitical panorama and swiftly evolving era,” Solomon mentioned. Either one of the boys will document immediately to him, Solomon added.

Cohen is becoming a member of New York-based Goldman at its senior-most rank: He will be a spouse and control committee member and also will function president of worldwide affairs, Solomon mentioned.

The strikes go away Argenti as sole leader knowledge officer beginning in October, he added.