Bond Traders Aren't Immune to Automation, Goldman's CFO Says
Marty Chavez, chief information officer of Goldman Sachs Group Inc.
Photographer: Simon Dawson/Bloomberg
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Bond traders, you’ve been warned: Marty Chavez and his robots are coming for you.
That message came across during a conference call for Goldman Sachs Group Inc.’s fourth-quarter and year-end results. Chavez, the bank’s chief financial officer and a former Silicon Valley startup founder, said that part of a spending push has been devoted to analyzing how traders, salespeople and support personnel work, and automating those processes.