Goldman Sachs Hires Google Exec For New Innovation Group
US investment bank Goldman Sachs has hired Alphabet’s Jared Cohen to help launch a new innovation group. This is according to a memo obtained by CNBC.
Cohen is a protege of former Google CEO Eric Schmidt. In 2010, Cohen went on to establish technology incubator Jigsaw. His recruitment is the most recent step taken by Goldman Sachs to inject a technology focus into the bank.
Cohen is set to lead the group, known as the Office of Applied Innovation, alongside co-chief information officer George Lee.
“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.
Cohen will be joining New York-based Goldman Sachs at its senior-most rank, serving as a partner, management committee member and also as president of global affairs.