Goldman Sachs Japan Deputy President Sago to Leave

(Corrects age of Sago in second paragraph of story published May 14.)

Katsunori Sago, deputy president of Goldman Sachs Group Inc. (GS)’s Japanese unit, will leave the firm where he began his career 22 years ago.

Sago, 46, will resign from his post in June and serve as an advisory director and vice chairman until he departs by March 31, Hiroko Matsumoto, a Tokyo-based spokeswoman, said by phone today. The company has no plan to fill the deputy president position, she said.

Among his roles, Sago served as co-chairman of the bank’s diversity committee in Asia. Goldman Sachs formed a daycare center in Tokyo in 2009 and has been running a campaign under the banner “Womenomics” to urge Japan’s government and companies to promote women in the workplace.

Two women were among nine Japan employees who were promoted to managing director in January, according to the Wall Street firm’s website.

Sago is also head of the company’s securities division in Japan. That post will be filled by Mark Agne and Hidehiro Imatsu, according to an internal memo obtained by Bloomberg News. Matsumoto confirmed the contents of the document.

Sago joined Goldman Sachs in Tokyo in 1992 after graduating from the University of Tokyo’s engineering school. He worked in fixed-income trading and became a managing director in 1999 before joining the Japan unit’s board in 2007.

To contact the reporter on this story: Takahiko Hyuga in Tokyo at thyuga@bloomberg.net

To contact the editors responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net Russell Ward

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