Goldman Sachs hires Google executive to lead wealth engineering

Goldman Sachs brought in Evan Kotsovinos as a partner and head of Asset & Wealth Management Engineering, giving a former Google privacy and security chief responsibility for a business that sits closer to clients than most bank engineers ever do. The move puts him across Asset & Wealth Management and Goldman Sachs Engineering, with a mandate to improve investment performance, client experience, risk management and day-to-day operations.

Kotsovinos arrives with a résumé built inside large regulated institutions. At Google, he led Privacy, Safety and Security and worked on AI safety, security and data protection. Before that, he led technology infrastructure at American Express and held engineering leadership roles at Morgan Stanley in Europe and Asia. For Goldman, that mix matters: it points to a hire who can talk to product teams, controls teams and senior business managers without treating those functions as separate worlds.

The appointment also fits a broader shift inside Goldman’s technology bench. Marco Argenti, the firm’s chief information officer, sits on the management committee, and Goldman has said its engineering organization includes more than 12,000 developers. The bank has also leaned into AI across the firm, from its GS AI Assistant for employees to a pilot of Devin, the AI software engineer, and a May 4 partnership with Anthropic, Blackstone and Hellman & Friedman to launch an enterprise AI services company.

Wealth management is the clearest commercial backdrop for the hire. In Goldman’s 2025 annual report, the firm set a new target of annual long-term fee-based net inflows equal to 5 percent of the channel’s long-term assets under supervision, a sign that the business is expected to keep growing rather than merely defend its base. The same report said 2025 net revenues rose 9 percent to $58.3 billion, EPS climbed 27 percent to $51.32 and ROE reached 15.0 percent.

For engineers, product managers and operations leaders, that combination changes the internal scoreboard. AWM engineering is no longer just about keeping systems running; it is becoming a lever for how Goldman wins affluent and institutional clients, how it manages data and security, and how it scales wealth and asset management with less manual effort. The hire also raises the bar for senior builders inside the firm: the people who can connect code, controls and commercial outcomes are the ones most likely to gain real influence.