Investing.com — Goldman Sachs Group Inc.’s chief US equity strategist David Kostin will retire at the end of the year, concluding more than 30 years with the investment bank.
Kostin, who started at Goldman in 1994 and transferred to the portfolio strategy team in 2004, will be succeeded by Ben Snider, according to a memo reviewed by Bloomberg News.
“It’s been an honor to have this position,” Kostin said in an interview. “It’s a super fast-paced culture at the bank, where you work with a lot of extraordinary people. There are high standards, and the market’s always changing. But after 40 years as a Wall Street analyst, this is a good time for me to retire.”
Jan Hatzius, Goldman’s chief economist, praised Kostin in a separate memo, noting that he “brought a client-first approach to equity market analysis, developing rigorous frameworks and delivering differentiated products and insights.”
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