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Why Goldman Sachs recruited an Uber exec to run Marcus

May 18, 2021 - American Banker
Board and Executive Moves

For years, financial services firms have said they want their apps to be as intuitive as Uber's ride-hailing app.

But Stephanie Cohen, global co-head of consumer and wealth management at Goldman Sachs, says this was not on her mind when she hired Peeyush Nahar, vice president of technology at Uber, to become partner and global head of Goldman's consumer business, which includes Marcus, on Monday. He starts on June 1.

"We chose Peeyush for Peeyush," she said Monday evening. "What we t...