Goldman Loses Crypto Czar as Another Tech Partner Departs Bank

6 Feb    Investing News

(Bloomberg) — Rana Yared, a rising star who once was in charge of building out the crypto-trading operations at Goldman Sachs Group Inc., is leaving in the firm’s latest loss of senior tech talent.

Yared helped Goldman begin exploring ways to dip into crypto operations through investments and internal products. She played a key role in a group that invested the firm’s own capital in emerging tech companies, and helped drive big returns for the trading unit through that operation.

Yared joined the firm in 2006, worked in New York and London, and was a representative on various company boards, according to the internal announcement Wednesday of her departure. She plans to leave Wall Street to join a venture capital firm, according to a person briefed on her plans.

She was often identified as one of the most senior women in tech on Wall Street, and was named partner in 2018 at just 34. The departure is a blow at a time when Goldman’s chief executive, David Solomon, has pledged to do more to place women in its senior ranks.

Goldman Rocked by Tech Tumult as Key Leaders Depart Trading Unit

Goldman tends to see a thinning of its senior ranks around this time each year, but in the past week it’s lost three key partners who played critical roles in building out the firm’s technology capabilities.

The post Goldman Loses Crypto Czar as Another Tech Partner Departs Bank appeared first on AdvisorHub.