TOKYO: A new leadership group for its Japan business has been appointed by Goldman Sachs Group Inc. to succeed a veteran investment banker who is retiring after 38 years of service.
The group consists of Shinichi Yokote, Kenro Tsutsumi, Yoshihiko Yano, Etsuko Kobayashi and Shogo Matsuzawa, who will work together to coordinate and oversee the business in Japan, according to an official memo.
This comes after the announcement last week that Masanori Mochida, the president of Goldman Sachs Japan for many years, is stepping down.
Masanori Mochida, 68, will leave the firm at the end of the year and become a senior director, as stated in another internal memo sent on the same day. The firm is focused on finding a long-term successor who can build on the legacy of the experienced banker, it said.
Goldman Sachs ranks 14th in Japan-related mergers and acquisitions deals announced this year, down from ninth place last year, based on data compiled by Bloomberg. It was the leader in 2021.
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