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Goldman Sachs Managing Director Nicholas Valtz Found Dead

Goldman Sachs Managing Director Nicholas Valtz
Nicholas Valtz, a managing director in cross-asset sales at Goldman Sachs Group Inc. in New York, has died at the age of 39 after a kiteboarding accident off the coast of Long Island. In March 2008, Valtz shaved his head to raise money for childhood cancer research, according to the website for St. Baldrick’s Foundation. Source: St. Baldrick’s Foundation via Bloomberg

July 22 (Bloomberg) -- Nicholas Valtz was born in Paris, earned letters as a fencer at Harvard University, loved fast cars and worked his way up to managing director at Goldman Sachs Group Inc. in New York.

At 39, married with two young children, he still found time for fresh adventures.

“He was new to kitesurfing,” his brother, Zeke Valtz, said yesterday in an e-mail. “But he engaged new activities and endeavors with enthusiasm.”

On the morning of July 20, Valtz left his home in Bridgehampton, New York, on Long Island’s eastern end, to spend time on his latest sport. Kitesurfing, also known as kiteboarding, combines elements of windsurfing and paragliding.

After he didn’t return home, family members went searching. They found his body in Napeague Harbor, a popular spot for kiteboarding. Police in East Hampton, New York, said his body was found floating in the water secured to his kite.

At Goldman Sachs, where he worked since 2000, Valtz was a managing director in cross-asset sales. He helped manage orders for trading clients and pitch them products and ideas among different types of securities.

His wife, Sashi Valtz, also works at Goldman Sachs as head of global third-party research sales, according to her LinkedIn profile. She survives him, as do their two children.

“We’re deeply saddened by this tragedy and our thoughts are with Nick’s family,” Michael DuVally, a spokesman for Manhattan-based Goldman Sachs, said in an e-mailed statement.

Four Siblings

Nicholas Andrew Valtz was born on Sept. 26, 1974, one of five children of Robert C.K. and Marie-Claire Valtz.

His father was a graduate of Harvard, in Cambridge, Massachusetts, and of Harvard Business School who founded the Frame-n-Lens Optical Inc. retail chain. He also led a division of Litton Industries Inc. and worked under Robert McNamara as U.S. deputy assistant secretary of defense and, later, at the World Bank as deputy director for planning and programming.

Valtz received a bachelor’s degree from Harvard in 1996, where he earned letters in fencing for three years, according to the school’s website.

In March 2008, Valtz shaved his head to raise money for childhood cancer research, according to the website for St. Baldrick’s Foundation. In 2009 and 2010, he ran the Miami Half Marathon.

The website for his brother-in-law’s 2012 wedding, in which he was a groomsman, described him as “a doting father and husband” who “finds time for his other loves -- good food, the latest technology and really fast cars.”

In addition to his wife and children, survivors include his parents, who have homes in the U.S., U.K. and France, plus two sisters and two brothers, including Zeke Valtz, founder of Horizon Aviation Inc., a Warwick, Rhode Island, flight school.

To contact the reporter on this story: Laurence Arnold in Washington at larnold4@bloomberg.net

To contact the editors responsible for this story: Charles W. Stevens at cstevens@bloomberg.net; Peter Eichenbaum at peichenbaum@bloomberg.net Bret Okeson

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