Former Goldman executive Chavez reflects on diversity on Wall Street

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Former Goldman Sachs Group Inc executive Marty Chavez said on Tuesday Wall Street's position on diversity has evolved since he started at the megabank in the 1990s.

executive Marty Chavez said on Tuesday Wall Street's position on diversity has evolved since he started at the megabank in the 1990s.

Chavez, who is Latino and openly gay, said he hesitated when he was first offered a position on Wall Street, fearing Goldman Sachs might see his identity as a gay man as a liability. “All he could think of to say was, ‘Hey, do you have a boyfriend?’ Which is I think maybe not the response you would have in 2020, but I took that to mean, woah, this must be a gay friendly place,” he said.

Once considered a potential CEO candidate, Chavez held a number of roles during his 19 years at the firm, including chief information officer and chief financial officer.

 

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