Goldman Sachs quietly hired Capula Investment Management's co-CTO

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Goldman Sachs made a major hire in electronic equities trading technology in London. 

The U.S. investment bank recruited George Tsimperopoulos, the former co-chief technology officer at hedge fund Capula Investment Management. Tsimperopoulos joined last month according to his LinkedIn profile, which describes him as a specialist in ultra low-latency DMA algorithmic trading, market data exchange and client connectivity FIX engines. 

Goldman didn't respond to a request to comment on Tsimperopoulos' arrival but insiders said it's causing some excitement at the firm. - The fear is that once Tsimperopoulos' non-solicit expires, he'll attempt to hire other people from Capula and some of Goldman's existing staff might be displaced. 

As we've reported previously, Goldman Sachs' electronic equities trading business has suffered various exits, especially in the U.S., where traders have been leaving for both rival banks and hedge funds. 

The technology for Goldman's trading business is overseen by Mike Blum, the former chief technology officer at the high-frequency trading firm KCG Holdings, whom it hired in 2017. In July last year, Goldman hired Matt Kilsby, the former chief operating officer of Systematica Investments, as a managing director in electronic trading technology. 

Tsimperopoulos and Kilsby are former colleagues. Before Capula, Tsimperopoulos spent two years as head of technology at Systematica. Before that he spent a year and a half as head of technology at BlueCrest. This is his first banking job since leaving Merrill Lynch in 2013. 

Last week, Goldman COO John Waldron said systematic trading is an area where Goldman is “not satisfied” and sees room to grow.

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