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- Goldman Sachs CFO Marty Chavez once said that "Goldman is for risk what Google is for search."
- The bank has hired Reinaldo Aguiar, a former senior software engineer at Google who focused on the tech giant's search ranking.
- He will play a key role in building out the bank's Marquee platform.
Goldman Sachs has been on a mission to become the Google of Wall Street. Now it has snagged a top engineer from the West Coast tech giant.
Reinaldo Aguiar, a former senior software engineer at Google, is set to join the investment bank in March, a person familiar with the hire told Business Insider. Aguiar, whose career at Google spanned more than seven years, is joining Goldman as a managing director on its Marquee team, the person said.
Aguiar most recently worked on Google's search ranking, according to his LinkedIn profile, designing ranking signals for the tech giant. Prior to Google, Aguiar worked at Yahoo as a software engineer from 2010 to 2011, also focused on search. In his new role, he will play a role in evolving the Marquee platform, building out new features, and making it more client-friendly, the person familiar with the hire said.
Business Insider reported in July 2017 that Goldman was ramping up its hiring efforts to build out the Marquee platform, which provides clients access to the bank's analytics, data, content and execution capabilities via a browser or an API. At the time, the bank had posted at least 20 job ads relating to Marquee.
Marquee is the brain child of Goldman's chief financial officer Marty Chavez, who spearheaded the push towards a Silicon Valley-like model when he served as CTO. The model is based on taking in data, pushing it through analytics engines, then making it available to internal and external clients through Goldman's digital platform.
"Historically, the API has been human beings talking to other human beings over the telephone, and all the tools, content, the analytics is on the internal platform only," Chavez said in early 2017. "We are shifting this radically and shifting this fast, and we're packaging everything we do, and actually, redesigning the whole company, around APIs."
The idea is that giving clients access to Goldman Sachs data and analytics tools strengthens the bank's relationships with them, leading to additional business elsewhere.
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