Goldman Sachs has promoted Marty Chavez to chief information officer, replacing Steven Scopellite who will retire at the end of the year.
Scopellite joined Goldman in 1986 as a software engineer, becoming co-chief information officer in 2007 and sole CIO in 2011.
His retirement - revealed in memos leaked to the press and since confirmed by Goldman - comes just weeks after a costly trading systems glitch at the bank prompted an internal review.
Chavez, who moves from his current role of co-COO at Goldman's equities business, joined the bank in 1993 as a quantitative analyst. According to Reuters, he oversaw the building of an internal software platform that was originally named 'Marty' for him, although it is now called Marquee.
Says the memo: "Marty will set the firm's technology strategy and standards, further unify our technology platform and tools and work with business units to embed and optimise technology across the firm."
A separate memo reveals that Goldman is also promoting Don Duet and Paul Walker to co-heads of technology, reporting to Chavez.