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What Can Wall Street and Silicon Valley Learn From Each Other?

What Can Wall Street and Silicon Valley Learn From Each Other?

FromGoldman Sachs Exchanges


What Can Wall Street and Silicon Valley Learn From Each Other?

FromGoldman Sachs Exchanges

ratings:
Length:
50 minutes
Released:
Sep 3, 2019
Format:
Podcast episode

Description

Technology is changing the structure of the financial industry, says Marty Chavez, global co-head of the Goldman Sachs Securities Division. In this episode, he discusses how the industry is reshaping. “If you look inside a financial services firm, you’ll find there has traditionally been a relatively small number of roles that we talk about—so there’d be bankers, salespeople and traders,” Chavez says. “Now, all of those simple, easy categories are going away and they’re going away fast, and it’s becoming much more complicated and much more multidimensional.” This breaking down of clear categories also changes how financial firms compete with each other. “The traditional notions of ‘You’re my competitor’ are giving away to something that looks much more like coopetition—maybe not my favorite word, but you compete in some areas and you cooperate in some other areas; and some other areas you might be a client, or they might be a client,” Chavez says.        
Released:
Sep 3, 2019
Format:
Podcast episode

Titles in the series (100)

In each episode of "Exchanges at Goldman Sachs," people from the firm share their insights on developments shaping industries, markets and the global economy.