Among the many things that are notable about Goldman Sachs' newly promoted managing directors (MDs), one is the fact that many have risen up through the firm's technology function. Historically, it wasn't easy to reach the top rungs if you didn't have a revenue-line attached. As Goldman prioritizes technology platforms and invests in automation, this seems to be slowly changing.
Based on our non-exhaustive analysis of Goldman's 425 MDs, at least 27 tech professionals were promoted yesterday at GS. We've broken them out below. Let us know in the comments at the bottom of the page if we've missed anyone out.
There are a few things to note. Firstly, with a few exceptions, most new Goldman technology MDs have been at the firm for their entire careers, instead of joining from other industries. Secondly, several on the list are also Goldman Sachs technology fellows, a title reserved for the firm's most accomplished technical specialists. Traditionally being a fellow was a seen as an alternative to being an actual MD, but this no longer seems to be the case. And lastly, several of this year's technology promotions are based in Goldman's huge Bengalaru office, which is becoming increasingly important as the firm automates functions in the likes of London and New York.
1. Mike Ahern, NY, technology fellow, cloud specialist
Based in NYC, Ahern joined Goldman in 2009 after graduating in computer science from Lehigh University. We don't know much about him other than that he's working on Cloud platforms for the firm.
2. Tanya Baker, head of Accelerate
Baker is head of Accelerate, which is Goldman's in-house start-up incubator. She joined from Microsoft in 2006 and initially worked on technology business development in the CIO's office before becoming head of digital strategy for the investment banking division in 2014 and head of Accelerate last year.
3. Nick Baltas, head of R&D, systematic trading strategies
Baltas was one of our successful predictions for this year's MD list. As the man who manages innovation for Goldman's algorithmic trading systems he's not a technologist exactly, but he is at the forefont of the application of technology in trading and is therefore a name to remember. Baltas lectures at London's Imperial College, from which he has a masters in communication and signal processing and a PhD in finance.
4. Praveen Bhagavathula, head of product pricing and analytics for Marcus
Bhagavathula does the analytics for Goldman's new Marcus retail bank. He joined in August 2016 from AIG, where he also worked in analytics. And before that he worked for Barclaycard in New York, in analytics too.
5. Simon Birtwistle, equity derivatives automation strats
Birtwistle is tasked with automating Goldman's equity derivatives trading business. This includes developing automated quoting systems, working on the implementation of trading algorithms, and automating the hedging process. He joined Goldman in 2008 after graduating with a first class degree in computer science from the University of Cambridge.
6. Jonathan Carter, head of prime clearing technology
Based in London, Carter heads the Goldman division that deals with clearing technology for listed and OTC derivatives in Goldman's prime brokerage business. He's worked for the firm since 2002 after graduating from the University of Bristol.
7. John Chappell, global head of market data
In a world where data is everything, Chappel is a big deal at Goldman - he manages all the data used by the securities division. Based in London, he's been at the firm a long time, having joined in the deep past (1997).
8. Yogesh Chati, surveillance analytics
Goldman has spent the past year or so quietly building a team of people to develop software that can monitor its salespeople and traders globally. That team is based in Bangalore, India, and Yogesh Chati seems to be its head. Chati has been at GS since 2012, when he joined from Infosys. He's always worked in surveillance analytics at GS, and did the same thing at Infosys too.
9. James Colletti, senior engineer, investment management
Based in New York, Colletti is all about automating the investment management process. He joined Goldman as a software engineer from Citi in 1999 and is now focused on automating everything from prospecting and account opening to constructing portfolios and managing portfolio risk.
10. Anders Furuhed, Stockholm, in charge of development for Pantor
Andors Furuhed is the co-founder of Pantor Engineering, which is the Stockholm-based high speed trading company acquired by Goldman in 2015. Pantor has been credit with driving Goldman's recovery in trading revenues and Furuhed is in charge of platform development there.
11. Jeremy Goldman, engineer IBD syndicate
Jeremy Goldman has been at GS since 2006 and has worked in a variety of engineering roles. He's currently a senior engineer on the syndicate desk in the investment banking division.
12. Sanyam Goyal, data scientist model risk
Bengalaru-based Goyal has worked for Goldman for seven years and describes himself as a passionate programmer. He worked on the data science that underpins Goldman's pricing models.
13. Milind Joshi, IMD sales technology
New Jersey-based Joshi works on technology underpinning the sales function in Goldman's investment management division (IMD). He's been at the firm since 2003 and has worked across a variety of roles in IMD and private wealth technology.
14. Simon Knowles, asset management technology
Knowles has spent 17 years in technology at Goldman and is currently leading the fixed income technology team for Goldman Sachs Asset Management in EMEA. His role is all about building tools for front office trading, middle office processing, compliance, data and client reporting.
15. Mark Langham, global futures trading technology, technology fellow
Langham is Goldman's global head of futures technology. He joined the firm from SocGen in 1999 and became a fellow in 1999 whilst working on a multi-asset class trading platform. Goldman seems to have belatedly decided to make him an MD too.
16. Victoria Ledda, investment research technology
Ledda is, 'Head of Investment Research Digital Experience Technology,' at Goldman. She's worked at the firm since 2005 after joining from Intel. In her current role, Ledda is building a product that will allow clients to interact with Goldman's data for their own research.
17. Nyan Lin, technology fellow
Lin is another technology fellow who's also been made an MD. He works for Ayco, a Goldman subsidiary which is targeting mass affluent employees at other U.S. companies using a digital platform, and which is a business Goldman wants to expand. Lin spent seventeen years at Goldman from 2001. Then he left for Google. Then he came back to Goldman two and a half years later. He's based in NY.
18. Srivats Madhavan, developer
Madhavan is a senior developer at Goldman in New York. We don't know much more, other than that he's been there since 2005.
19. Moe Matar, Marcus, head of cloud development
Matar is head of cloud development and the trendy Credit Cards business at Marcus. Based in NYC he's been at GS since 2007.
20. Mohammed Mohsinali, technology fellow
Mohsinali is another technology fellow who's been made an MD too. Based in Bangalore he's currently leading the build-out of a strategic architecture platform for derivatives confirmations and settlements processing. He's been at Goldman since 2006.
21. Nonso Ogbonna, senior engineer
Ogbonnai is head of the solutions engineering group at Goldman in NYC. He joined Goldman in 2007, left for JPM in 2015, and came back to Goldman in 2017.
22. Yuriy Podoshev, rates trading technology
Podoshev is currently leading rates trading technology for Goldman in New York. He's worked at the firm since 2006 and has always been a developer in the trading business.
23. Vijay Saraswat, technology fellow, AI
Saraswat is yet another technology fellow, this time in NY. He's helping to set up Goldman's R&D engineering lab with a focus on artificial intelligence and his area of specialism is natural language processing and artificial intelligence systems that understand professional domains. Unlike most new tech MDs on this list, Saraswat is comparatively new to Goldman: he joined in 2017 after 14 years at IBM where he worked on large scale machine learning projects. Goldman has declared an intention of creating an in-house 'Google' which understands finance terms, so it seems likely Saraswat is tasked with this.
24. Gowri Sekar, technology
Sekar seems to be a technologist based in New Jersey.
25. Tejas Sodha, senior engineer, India
Sodha is another Bengalaru-based engineer. He's developing automation tools for Goldman's private wealth business.
26. Gurtaran Thethi, developer, India
Also based in Bengalaru, Thethi is a developer who's been with GS since 2011.
27. Christopher Volmut, payments engineering
Lastly, Volmut is Goldman's global head of payments engineering. Based in New Jersey, he's been with the firm since 2001.
Photo by Tobi Oluremi on Unsplash
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