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Goldman Sachs, the Wall Street company's top technology executive, would step down from his senior partners, raising questions about the direction of Goldman's technology strategy
Elisha Wiesel, head of technology, has joined the bank as a university graduate to work as a coder in her product division, but she is about to leave the bank to embark on a philanthropic activity, according to the Wall. Street Journal.
At least 12 associates are expected to leave the bank, including Steven Strongin, who heads the bank's research division. Goldman also announced the departure of its chief financial officer, Marty Chavez, who preceded Wiesel as chief technology officer.
In addition to reducing its partnership structure, Goldman Sachs has undergone a significant strategy shift in recent years, targeting more and more consumer-driven markets in what has been called a transfer from Wall Street to Main. Street.
For example, the bank purchased a personal finance application this year, whose founder became a Goldman partner. This pivot also led to a greater focus on technology within the bank and an effort to recruit more technology professionals, including a hiring plan for 100 coders for its trading business and even a relaxation. of its dress code to attract 75% of employees are classified as Millennials or Generation Z members.
Wiesel played a central role in some of the bank's technology initiatives, including the development of its Marquee electronic trading system and the introduction of core banking systems across the bank and not in individual departments. .
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