Goldman Sachs Appoints John Madsen as Chief Technology Officer

Goldman Sachs has announced the appointment of John Madsen as its new chief technology officer. This move comes as the former CTO, Atte Lahtiranta, transitions to Ken Griffin's hedge fund, Citadel. Madsen, a seasoned tech veteran, has been with Goldman since 2003, starting as an associate.

Transition in Leadership

John Madsen's promotion to CTO follows Atte Lahtiranta's departure to Citadel. Currently leading the core engineering team, Madsen will take on the new role of CTO while reporting to Chief Information Officer Marco Argenti.

Strategic Focus

Marco Argenti highlighted Madsen's role in driving global engineering efforts to enhance unified platforms, develop shared services, and foster a collaborative engineering culture at Goldman Sachs.

Continuity and Innovation

Madsen's extensive tenure at Goldman, spanning over 20 years, positions him well to lead the firm's technology strategy. With a background in generative AI, Madsen aims to propel Goldman's technological ambitions forward, aligning with industry trends.

Leadership Experience

Having previously served as CTO from 2017 to 2020, Madsen brings a wealth of experience to his new role. His leadership in various tech positions within the firm underscores his capabilities in driving technological innovation.

Cultural Shift in Tech

As technology like ChatGPT permeates the banking sector, Goldman's tech leaders face the task of fostering a cultural shift towards embracing transformative technologies. The rise of generative AI is reshaping traditional workflows, pushing for creative thinking among engineers.

Education and Expertise

In line with evolving industry demands, top financial institutions now value diverse educational backgrounds for their tech talent. Madsen's background in philosophy from renowned institutions like the University of California, Berkeley, and Rutgers University exemplifies this shift towards holistic skill sets.

Goldman Sachs' appointment of John Madsen signifies a strategic move to drive technological innovation and foster a culture of collaboration and creativity within the organization.

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By: insider@insider.com (Bianca Chan)
Title: Goldman Sachs Appoints John Madsen as Chief Technology Officer
Sourced From: www.businessinsider.com/goldman-sachs-names-madsen-new-chief-tech-officer-24-8
Published Date: Tue, 20 Aug 2024 23:06:49 +0000