Goldman Sachs exec joins Validus Risk Management to head up new office

The former Goldman Sachs head of risk management strategy and execution will head up Validus’ new office in New York.

Financial risk advisory and technology firm Validus Risk Management has appointed a former Goldman Sachs executive to head up its new location in New York.

Bryan Cohen joins Validus Risk Management with 15 years of experience across risk management and derivatives, most recently serving as managing director for risk management strategy and execution at US investment bank Goldman Sachs for seven years.

Prior to joining Goldman Sachs, he also served in the corporate derivatives divisions of RBS for five years and Barclays for a year and a half.

In his new role, Cohen will be responsible for leading the firm’s expansion in North America including building up the advisory and client relationship team in New York.

“Bryan’s background and experience will add significant value to our team, and we know our existing and future clients in the US will be excited to work with him. The credibility he brings marries perfectly with our vision of being the most respected provider of financial risk management services globally,” said Haakon Blakstad, chief commercial officer at Validus.

“The demand for independent advice and practical risk management solutions has never been greater. And as North American clients are increasingly exposed to market risks such as FX and interest rates, the opening of our New York office could not be more timely.”

Several risk and regulatory focused technology firms have chosen North America as a target for expansion in 2021 as the market continues to become increasingly competitive.

Most recent was SteelEye which confirmed it planned to use $17 million raised in two separate funding rounds in 2020 to support its expansion into the US.

“The US and Canadian markets are crying out for a new way to oversee their conduct and trading activity,” said SteelEye chief executive Matt Smith.