Member Exclusive, New banks

‘We had the audacity to think big and execute on that bold vision’: Goldman Sachs internal memo includes interview with outgoing head of consumer business, Harit Talwar

  • Harit Talwar built Goldman's consumer banking business.
  • Now, as he transitions out of the role, he looks back on how GS transformed itself.
Zachary Miller | October 05, 2020
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‘We had the audacity to think big and execute on that bold vision’: Goldman Sachs internal memo includes interview with outgoing head of consumer business, Harit Talwar

Digital transformation is a fluid and long process for a traditional financial institution. More than any other bank its size, Goldman Sachs has reinvented itself over the past five years. Goldman’s trading floor in the 1990s wouldn’t recognize the firm’s new participation in Apple Card, its new installment loans with JetBlue, and its SMB lending activity with Amazon and Walmart.com.

Harit Talwar, head of the bank’s consumer business, was instrumental in remaking the firm’s entrance into consumer and retail banking. Last week, it was announced that Talwar is stepping aside amid a restructuring of the firm’s business that further aligns the new businesses.

 

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