A former Verizon Media Group executive is joining Goldman Sachs as chief technology officer as the Wall Street firm overhauls its tech division for the future.
Atte Lahtiranta replaces John Madsen and will work closely with the firm's co-chief information officer George Lee, according to a Thursday memo seen by Business Insider.
Lahtiranta, who comes on board Goldman as a partner, was formerly chief technology at Verizon Media Group (previously known as Oath).
He was formerly a senior fellow and architect at Yahoo, and also held technology leadership roles at ShopAdvisor and Nokia.
Lahtiranta joins Goldman amid broader executive changes in the firm's technology division.
Goldman's co-chief information officer Elisha Wiesel is retiring from Goldman, according to a separate memo, and will be replaced by former Amazon Web Services executive Marco Argenti.
Marty Chavez, the bank's technology evangelist and cohead of the securities division, also said last week will retire at the end of the year.
David Solomon has been cleaning house a year into his tenure as Goldman CEO, with roughly 50 partners — the most senior employees at the bank — announcing their intentions to leave since the end of 2018. The partnership is now around 450 people. Solomon has been trimming those ranks and making the partnership more exclusive, including leaning towards individuals who are in revenue-producing roles.
To be sure, the rank of Goldman Sachs partner is still one of the most sought after titles on Wall Street, largely for the wealth it can bring.
Goldman has also been hiring more for partners and other senior-level roles from the outside, in a departure from its historical focus of largely promoting from within.
