Under CEO David Solomon, Goldman has sought to speed up its digital makeover by hiring Google and Amazon executives and asking employees to pitch startup ideas.
. Louisa was part of the inaugural class of Goldman's incubator program, which encourages employees with startup ideas to develop them in-house.Doctor, a 17-year Goldman veteran who had stints in Hong Kong and London as head of bank solutions, got the idea for Louisa after landing a massive deal in 2018.
"The real answer was serendipity, happenstance," he said. "It was dumb luck that me and another guy got thirsty at the same time, go to a [bar] in London and start exchanging information." "This is costing companies billions of dollars in terms of missed opportunities, disconnected colleagues and fractured client experiences," he said.The company's name originally referred to Louisa Goldman Sachs, the
Doctor has begun signing up clients besides Goldman, including a commercial bank and a venture capital fund with nearly $100 billion in assets, he said. They will focus initially on a small subset of five or six professional services clients before broadening their efforts, he said.The arrival of generative A.I. technology likehas created excitement in an otherwise subdued environment for technology firms, he said.
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