David Solomon of Goldman Sachs has hired another senior executive from the technology sector.

Solomon said Tuesday in a memo obtained by CNBC that Alphabet’s Jared Cohen, a protege of former Google CEO Eric Schmidt and founder of Jigsaw, is added to help start an innovation group.

This is Solomon’s recent step to infuse a technology focus into the 153-year-old New-york based investment bank. The group, called the office of applied innovation, will be led by Cohen and co-chief information officer George Lee. In 2019, Marco Argenti former Amazon web services executive, was hired by Solomon as co-chief information officer.

“Working closely with leaders across Goldman Sachs, George and Jared will specifically identify and advance commercial opportunities for the firm at the intersection of a changing global marketplace, shifts in the geopolitical landscape and rapidly evolving technology,” Solomon said. Both of the men will report directly to him, Solomon added.

He further stated that Cohen is joining Goldman as a partner and management committee member. He will also serve as president of global affairs, leaving Argenti as sole chief information officer starting in October.

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