Goldman Sachs’ Marty Chavez, the bank’s technology evangelist and cohead of the securities division, will retire at the end of the year, according to a firm memo.
Chavez, who is best known for his work developing a project to automate trading workflow known as Marquee, will be succeeded by investment banking cohead Marc Nachmann.
Chavez spent nearly 19 years at Goldman, which included a role as the bank’s chief information officer where he was in charge of the engineers who make up a quarter of the bank’s workforce.
In 2017, he became chief financial officer for a rocky 18-month tenure before moving into his most recent role in the securities division alongside Ashok Varadhan and Jim Esposito.
Chavez, a technologist at heart, got his start in Goldman’s commodities unit, J. Aron, and worked his way up through the securities division. In 2013, he took over the firm’s equities division just as it required an influx of engineering know-how.
Chavez is also known on Wall Street as a champion for LGBTQ rights and inclusion in the workplace.
- [LLODO] Tim Tebow: COVID couldn’t cancel this — how ‘Night to Shine’ 2021 showed love in the midst of a pandemic
- [LLODO] Political cartoon of the day: Return to open borders
- [LLODO] California gender bill would ban boys, girls’ sections at major department stores
- [LLODO] Cases of South African coronavirus variant detected at Colorado correctional facility: officials
- [LLODO] Illegal immigrants involved in deadly crash near US-Mexico border paid up to $10K each to be smuggled: report
- [LLODO] Trump spotted outside Trump Tower in first NYC trip since leaving office
- [LLODO] The Naked Cowboy arrested while performing at Bike Week
- [LLODO] Chicago weekend violence: 23 people shot, 2 murdered just days after bullets fly in Gold Coast