The head of stock deals at Goldman Sachs is retiring

Stephen Pierce, the global head of equity capital markets at Goldman Sachs, is retiring after 31 years at the bank, according to Alex Barinka at Bloomberg.

Pierce will stay on as an advisory director, and Goldman Sachs isn’t planning to replace him, according to the report.

Pierce has ambitious plans for his retirement: he hopes to become a black belt in kung fu, get certified in emergency medical services, and ski terrain only accessible by helicopter, according to the Bloomberg report.

Goldman Sachs ranks third for equity capital markets revenues globally so far this year, according to Dealogic, with $US506 million in fees.

Get the latest Goldman Sachs stock price here.

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