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Goldman hires Uber government to run its shopper financial institution By Reuters 



© Reuters. FILE PHOTO: An indication is displayed within the reception of Goldman Sachs in Sydney, Australia, Could 18, 2016. REUTERS/David Grey/File Photograph

By Elizabeth Dilts Marshall

(Reuters) -Goldman Sachs Group Inc employed a prime government from Uber Applied sciences (NYSE:) Inc to steer its shopper banking enterprise, the financial institution mentioned in a memo on Monday.

Peeyush Nahar joins Goldman as the worldwide head of its shopper enterprise, which incorporates its on-line financial institution, Marcus. At Uber, he was vp of know-how.

Nahar takes over Goldman’s fledgling shopper enterprise at a time of turnover within the division that Chief Govt David Solomon has recognized as a key space of development for the financial institution.

He’s the third world head of shopper banking since final September, when Harit Talwar stepped apart to change into division chairman, giving the highest job to Omer Ismail. Ismail formally took over in January, however quickly left for a place at Walmart (NYSE:) Inc’s fintech enterprise. [nL2N2KY0EK]

A Goldman spokesman confirmed the contents of the memo.

An Uber spokeswoman confirmed Nahar’s departure and declined to remark additional.

At Uber, Nahar managed technologists who labored on the ride-hailing app’s funds, infrastructure, fintech and different providers. Earlier than that, Nahar labored at Amazon (NASDAQ:), the place he helped construct the retailer’s lending and machine-learning platform for its Alexa product.

Nahar, who formally takes over June 1, joins a number of new hires in Goldman’s enterprise division.

Brian King was rehired in April from Wells Fargo (NYSE:) & Co to be Goldman’s shopper chief danger officer and head of enterprise operations.

The financial institution additionally not too long ago employed Rob Cochran to be lead of digital merchandise for shopper and wealth administration and Swati Bhatia as head of proprietary enterprise for the patron enterprise.

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