Goldman Sachs employs Alphabet exec Jared Cohen to help start innovation unit: CNBC
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Goldman Sachs (NYSE:GS) chief David Solomon has employed Jared Cohen, the founder of Jigsaw, an incubator owned by technology giant Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG), to help commence an innovation unit, CNBC reported Tuesday, citing Solomon's memo. 
Cohen, who will be a partner and management committee member as well as president of global affairs, and co-chief information officer George Lee will lead the group, dubbed the office of applied innovation. 
âWorking closely with leaders across Goldman Sachs, George and Jared will specifically identify and advance commercial opportunities for the firm that are at the intersection of a changing global marketplace, shifts in the geopolitical landscape and rapidly evolving technology,â Solomon said, as quoted by CNBC. "Both of the men will report directly to him."
The move comes as Goldman Sachs (GS) further embraces the digital world. Last year the investment firm introduced an Amazon-backed cloud computing solution to help asset managers save time by enabling their developers to focus on trades instead of wasting time on data sets. 
Previously, (July 1) Banks to see tough comparisons in Q2.