© Reuters. FILE PHOTO: People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021. REUTERS/Andrew Kelly/File Photo
TOKYO (Reuters) – Goldman Sachs’ Japan president Masanori Mochida has decided to retire at the end of the year after more than 38 years at the investment bank, according to an internal memo seen by Reuters.
The internal memo dated Sunday from Goldman CEO David Solomon said Mochida will become a senior director, without mentioning who would succeed his role as president.
Mochida, 68, joined Goldman Sachs in 1985 as an associate in the corporate finance department from Japan’s Dai-ichi Kangyo Bank, one of the three predecessor banks of Mizuho Bank. He became co-branch manager of Goldman Sachs Japan in 1999.
Mochida, also a member of Goldman’s management committee, is credited with significantly expanding the U.S. investment bank in Japan, handling many major deals including the government’s releases of Nippon Telegraph and Telephone (OTC:) shares.
“Masa has served as an invaluable advisor to our most important clients across Japan and beyond on countless transactions, helping them advance their strategic objectives…
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