Goldman Sachs Japan president to retire after almost 4 a long time at U.S. financial institution -source
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TOKYO (Reuters) – Masanori Mochida, president of Goldman Sachs’ Japanese unit, will retire after greater than three a long time on the U.S. funding financial institution, an individual conversant in the matter informed Reuters on Friday.
Mochida, who’s in his late sixties, joined Goldman Sachs in 1985 as an affiliate within the company finance division from Japan’s Dai-ichi Kangyo Financial institution, one of many three predecessor banks of Mizuho Financial institution. He turned co-branch supervisor of Goldman Sachs Japan in 1999.
The supply declined to be recognized as the knowledge shouldn’t be public. Goldman Sachs couldn’t be instantly reached for remark.
The Monetary Occasions, which first reported his departure, stated Mochida was on observe to retire from the financial institution sooner or later in 2024. Nonetheless, it stated that over the previous few days the choice had been made to hurry up that course of amid rising inner concern that the financial institution wants contemporary management in Tokyo as competitors for offers with rival U.S. funding banks intensifies.
(Reporting by Devika Nair and Mrinmay Dey in Bengaluru and Makiko Yamazaki in Tokyo; Modifying by Jacqueline Wong and Susan Fenton)
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