Masanori Mochida, President of Goldman Sachs Japan, is stepping down after 38 years. His departure is part of a move for fresh leadership as the firm faces increased competition in Japan. Mochida was instrumental in establishing Goldman's presence in Japan, competing with domestic banks. His retirement aligns with a growing interest in Japanese investments due to corporate governance reforms and shareholder activism. Mochida's post-retirement plans may involve rugby, reflecting his past interest in the sport.