The president of Goldman Sachs’ Japanese unit, Masanori Mochida, will be retiring after more than 30 years with the U.S. investment bank, according to a source familiar with the matter. Mochida, who is in his late sixties, joined Goldman Sachs in 1985 as an associate in the corporate finance department. Prior to that, he worked at Japan’s Dai-ichi Kangyo Bank, which later became Mizuho Bank. In 1999, Mochida became co-branch manager of Goldman Sachs Japan. The source, who wished to remain anonymous, revealed this information as it has not yet been made public. Goldman Sachs has not yet responded to requests for comment.
The Financial Times was the first to report Mochida’s retirement, stating that he was initially expected to retire from the bank in 2024. However, recent internal concerns about the need for new leadership in Tokyo, as competition with other U.S. investment banks intensifies, have prompted the decision to expedite the retirement process.
This article was reported by Devika Nair and Mrinmay Dey in Bengaluru, with additional reporting by Makiko Yamazaki in Tokyo. The editing was done by Jacqueline Wong and Susan Fenton.
