Former tech guru at Goldman signs on with Bank of America
Former Goldman Sachs technology-chief-turned-hedge-fund-manager Michael Dubno will join Bank of America Corp. Tuesday, according to the Charlotte-based bank.
Former Goldman Sachs technology-chief-turned-hedge-fund-manager Michael Dubno will join Bank of America Corp. today, according to the Charlotte-based bank.
Mr. Dubno, whose 20-year career at Goldman peaked with his promotion to chief technology officer in 2002, was widely credited with bringing the Internet to Goldman Sachs’ business platforms. He left the investment bank in 2005.
He also lead the team that designed the architecture for Goldman’s heralded risk management systems.
After a tumultuous two years rife with controversy over its acquisition of Merrill Lynch, among other deals, Bank of America could use some new risk management ideas. President and CEO Brian Moynihan basically said as much back in December, when he promised a top-tier shakeup at the bank.
The 47-year-old Mr. Dubno will head up global markets and research technology at BofA. He is scheduled to start the job today.
For the last two years Mr. Dubno was chief investment officer at San Francisco-based Cerebellum Capital, where he launched a quantitative hedge fund.
[This story first appeared in Crain’s New York Business, a sister publication to InvestmentNews.]
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