Sad to report.
Donald J. Mulvihill, a Goldman Sachs Managing Director who started the firm’s asset-management business in Japan and created tax-focused funds in the U.S., has died aged 56.
A resident of Glen Ellyn, Illinois, he retired from New York-based Goldman Sachs on July 1.
'Don will be remembered not only for his commercial contributions, but also for his commitment to our people,' Timothy J. O’Neil and Eric S. Lane, co-heads of Goldman’s Investment Management Division, wrote in a company e-mail on July 19.
'Don was known throughout the firm for his kindness and thoughtfulness. He has been, and will continue to be, an inspiration for us all.'
He began his career with Goldman Sachs in 1980 in Chicago, moving to New York in 1985 to manage money-market and fixed-income portfolios and to London in 1991 to work on international investment management, according to a biography prepared by the bank.
As president of Goldman Sachs Asset Management Japan Ltd. from 1992 to 1997, he dealt first-hand with Japan’s 'lost decade' of recessions following the collapse of the nation’s asset bubble in 1990.
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