Wall Street's dichotomies will soon fade away, and traders will have far more in common with engineers, Goldman Sachs' Chavez said.
The bank's tech evangelist summarized his time at Goldman as"making money, capital, and risk programmable," with the future continuing the effort to combine traditional investment with modern technologies.
When asked whether one can"survive on Wall Street without knowing how to code," the 55-year-old industry veteran paused before saying"it's like writing an English sentence." Chavez predicted the typical opposites seen on Wall Street will dissolve as individuals take on multiple tech-augmented roles. Traders and engineers won't exist"as two completely different things," for long, he said, as"all those old dichotomies are going away."September 3. He told Business Insider of his plans to move to Los Angeles, with no major career commitments yet aside from teaching a finance software course at Stanford University.
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