Goldman Sachs Poaches Ex-Barclays Fintech Veteran for Chicago Role

Goldman Sachs has recruited Ben Froehlich, a former Barclays executive, to lead its financial technology investment banking team in Chicago. Froehlich joined Barclays as an intern in 2011 and rose through the ranks to become a managing director in 2022. He will now oversee Goldman's fintech efforts on the ground in the US.

Froehlich's experience lies at the intersection of finance and technology, having initially worked in leveraged finance before transitioning into fintech in 2021. His move is significant as he brings a unique blend of skills to Goldman Sachs, combining elements of financial institutions group (FIG) banking with tech expertise.

The appointment underscores Goldman's willingness to bring in external talent when needed, a strategy that contrasts with its traditional approach of growing managing directors from within the firm. This shift reflects the evolving landscape of fintech and the increasing demand for specialists in this area.