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Sunday 20 October 2019


Goldman Sachs hires AWS exec as co-CIO

Written by Hannah McGrath

Goldman Sachs has hired an Amazon Web Services (AWS) executive as its next co-chief information officer.

A note sent to staff yesterday confirmed that Marco Argenti, who has served as vice president of technology at AWS since 2013, will replace Elisha Wiesel, who departs the investment bank after 25 years.

Argenti will serve as co-chief information officer alongside George Lee, who will be jointly tasked with advancing Goldman’s strategy to deliver differentiated and innovative technology and data solutions to clients.

Aregnti’s role at Amazon’s profitable web services arm has included oversight of the product lifecycle of cloud services, including strategy, business planning and developer engagement, as well as leading several AWS technology areas, such as mobile, serverless, Internet of Things (IoT), messaging, augmented and virtual reality.

The investment bank has reworked its strategy to prioritise digital platforms in recent years with the launch of app-based savings account Marcus.

The memo also announced that Atte Lahtiranta, a senior Verizon executive, will take up the role of chief technology officer.

Prior to joining Goldman, Atte had been chief technology officer since 2017, with responsibility for the IT, security, infrastructure, shared core platforms, big data and machine learning teams.

Announcing the appointments, the memo co-authored by Goldman Sachs chief executive David Solomon and two other executives, read: “Technology will only continue to shape markets, and digital platforms that seamlessly integrate execution, analytics and content will increasingly define how our clients choose to transact.

“Our ability to attract and enable world-class talent is critical to the execution of our client-led strategy, which is focused on growing our franchise as well as new businesses.”

FStech editor Peter Walker sits down with Rackspace solutions director Rhys Sharp to discuss cloud adoption challenges - skills shortages, cultural barriers, legacy systems - and the solutions that the company offers, as well as trends within cloud migration and regulatory attitudes towards the industry.


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