By Olivia Oran
Jan 9 Goldman Sachs Group Inc has named a
new chief information officer as former head Marty Chavez will
become chief financial officer of the Wall Street firm.
Elisha Wiesel, currently chief risk officer for the
securities division, will replace Chavez, according to an
internal memo on Monday and confirmed by bank spokeswoman
Wiesel joined Goldman as an analyst in 1994 in the bank's
commodities division J. Aron, where Chavez and Goldman Chief
Executive Officer Lloyd Blankfein also began their careers. He
was named managing director in 2002 and partner in 2004.
Wiesel, the son of Holocaust survivor and Nobel-prize winner
Elie, will report to Chavez.
Wiesel is also known in the firm for helping organize an
all-night scavenger hunt throughout New York City to raise money
The elevation of several longtime Goldman executives was set
in place by the departure of bank president Gary Cohn to take an
economic post in the Trump administration.
Chavez in April will replace current Chief Financial Officer
Harvey Schwartz, who was tapped to take on Cohn's previous role
alongside current investment banking head David Solomon.
Separately, Goldman also said on Monday that technology
division head Don Duet was retiring after 28 years at the bank.
John Madsen and Umesh Subramanian will replace Duet.
(Reporting by Olivia Oran in New York; Editing by Bernard Orr
and Grant McCool)