Marco Argenti will take over as Goldman Sachs’ sole chief information officer in October.
Argenti, who helped build Amazon into a tech behemoth, sat down with Insider to discuss his vision for transforming how the bank does business.
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1. Marco Argenti, Goldman Sachs’ next sole chief information officer, wants to use some of what he learned from his Amazon days to transform the bank. He will take over as Goldman Sachs’ sole CIO in October after joining as a partner and co-CIO in 2019.
Argenti joined the bank from Amazon Web Services, the tech company’s cloud-computing division, where he was most recently a vice president of technology.
In his short time at Goldman Sachs, Argenti has made a splash. By early 2020, he had formed a developer-experience team, which incorporates the different facets of a Goldman Sachs engineer’s life — from their hiring to how they collaborate — under one umbrella.
At the heart of Argenti’s vision is to remake Goldman Sachs in the fashion of a tech company, something the bank has pursued in the past. He’s also using this ethos to guide where the bank hunts for growth opportunities.
Wall Street is being forced to embrace evolving technologies to keep up with burgeoning fintechs and a rapidly-changing customer who prioritizes convenience and speed in banking.
Check out the full story from Insider’s Bianca Chan and Carter Johnson on Argenti’s mission to morph Goldman Sachs into a tech-savvy institution for the future.
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