Goldman Promotes Elisha Wiesel to Chief Information Officer

  • Wiesel succeeds Martin Chavez, who was named CFO in December
  • Goldman is filling roles created by the departure of Gary Cohn

Goldman Sachs Group Inc. named Elisha Wiesel, son of Holocaust survivor Elie Wiesel, chief information officer as the company fills roles created by the departure of President Gary Cohn for a job in the Trump administration.

Wiesel, 44, currently chief risk officer of the securities division, will report to Martin Chavez, who was promoted from CIO to chief financial officer last month, the New York-based firm said Monday in a memo to staff. Wiesel will oversee the technology division and have joint responsibility for the company’s global strategists.

“As market, regulation and technology risks evolve, Elisha will lead our efforts to ensure that we deploy effective technology,” according to the memo.

Chavez, 52, was named in December to replace Harvey Schwartz in the Wall Street firm’s biggest management shakeup in a decade. Schwartz and investment bank co-head David Solomon were promoted to president as Cohn, who’d held the position for a decade, left to become President-elect Donald Trump’s top economic adviser.

Wiesel joined Goldman Sachs as an analyst in 1994 in the J. Aron currency and commodities division, and was named a partner in 2004. The Yale University graduate, whose father died in July, chairs the securities division risk committee and is also a member of the risk and finance committees, according to the memo.

‘Midnight Madness’

Wiesel originated the idea of an epic, all-night charity scavenger hunt for Wall Streeters composed of maddeningly difficult puzzles. Called “Midnight Madness," it was inspired by a 1980s movie of the same name and ran most recently in August 2015, raising $3.1 million for Good Shepherd Services.

His father’s 1960 autobiographical novel, “Night,” chronicled the human cruelty in the Nazi concentration camps that killed his parents and younger sister and established him as a leading witness and scholar of the Holocaust. It sold an estimated 10 million copies in 30 languages and remains a fixture on high school reading lists.

Chavez joined Goldman Sachs in 1993, working in the currency and commodities division that also produced Cohn, Schwartz and Chief Executive Officer Lloyd Blankfein. He left the firm in 2000 and founded Kiodex Inc., which offers risk-management services to energy companies. Chavez rejoined the bank in 2005, was named a partner the next year and has overseen Goldman Sachs’s principal strategic investments group. He’ll replace Schwartz when the CFO steps aside at the end of April, the company said in December.

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