In October of 2022, Goldman Sachs started an internal organization called Applied Innovation. The thesis behind its creation was that the intersection between geopolitics and technology is increasingly determinative to the way that the world will evolve. The company also theorized that the way money and value will move around the world is set to change significantly in the next 10 to 15 years.
One of the co-heads of the Applied Innovation organization is George Lee. He has been with Goldman Sachs for nearly 29 years and has had numerous consequential technology roles at the company, including Partner and Co-Head of Global Technology, Media and Telecom Banking, as well as co-CIO, a role he held for four years prior to taking on his current responsibilities.
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