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Goldman Managing Director Found Dead In Apparent Kite Surfing Accident

Tyler Durden's picture


Police are still investigating the tragic death of 39-year-old Goldman Sachs Managing Director Nicholas Valtz this weekend. As Bloomberg reports, Valtz, a "novice kiteboarder," was found dead yesterday by family members who went searching for him after he didn’t return from a kiteboarding outing. While there is no accusation of suicide in this case, it sadly brings the number of young financial services executives deaths to 16 this year.


As Bloomberg reports,

Nicholas Valtz, a managing director in cross-asset sales at Goldman Sachs in New York, was found in Napeague Harbor off the coast of Long Island, according to the East Hampton police. Valtz, 39, was a “novice kiteboarder” and was found floating in the water secured to his kite, police said in a statement released yesterday. Other kite gear was found in a grassy area of the harbor, police said.

Valtz, who joined Goldman Sachs in 2000, was promoted to managing director in 2010. His wife, Sashi Valtz, also works at Goldman Sachs as head of global third-party research sales, according to her LinkedIn profile.

Police are still investigating the death, according to the statement.


In March 2008, Valtz shaved his head to raise money for childhood cancer research, according to the website for St. Baldrick’s Foundation. Valtz enjoyed technology products and fast cars, according to the website for his brother-in-law’s 2012 wedding in which he was a groomsman.

*  *  *

This is the 15th financial services exective death in recent months...

1 - William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.

2 - Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.

3 - Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.

4 - Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.

5 - Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.

6 - Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.

7 - Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago.  No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.

8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.

9 - James Stuart Jr, Former National Bank of Commerce CEO, found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say whatcaused the death

10 - Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, commited suicide by jumping in front of LIRR train

11 - Kenneth Bellando, 28, a trader at Levy Capital, formerly investment banking analyst at JPMorgan, jumped to his death from his 6th floor East Side apartment.

12 - Jan Peter Schmittmann, 57, the former CEO of Dutch bank ABN Amro found dead at home near Amsterdam with wife and daughter.

13 - Li Jianhua, 49, the director of China's Banking Regulatory Commission died of a sudden heart attack

14 - Lydia _____, 52 - jumped to her suicide from the 14th floor of Bred-Banque Populaire in Paris

15 - Julian Knott, 45 - killed wife and self with a shotgun in Jefferson Township, New Jersey

16 - Nicholas Valtz, 39 - killed in apparent kiteboarding accident in Nepaugue Harbor, Long Island.

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Mon, 07/21/2014 - 13:03 | 4984184 kowalli
kowalli's picture


Mon, 07/21/2014 - 13:06 | 4984196 lordylord
lordylord's picture


Mon, 07/21/2014 - 13:07 | 4984208 Dr. Engali
Dr. Engali's picture

Yes he was.

Mon, 07/21/2014 - 13:10 | 4984219 TeamDepends
TeamDepends's picture

THE SQUID got him!

Mon, 07/21/2014 - 13:12 | 4984233 cifo
cifo's picture

As they say, he died doing what he liked.

Mon, 07/21/2014 - 13:14 | 4984243 TeamDepends
TeamDepends's picture

...swimmin' with the fishes.

Mon, 07/21/2014 - 13:19 | 4984271 SumTing Wong
SumTing Wong's picture

Am I the only heartless bastard that hears Queen in the background? 

"and another one gone, and another one gone...another one bites the dust"

We ready for a bankster dead pool around here? How long before Blythe gets it?

Mon, 07/21/2014 - 13:21 | 4984283 CheapBastard
CheapBastard's picture

"tragic" is not the word that comes to my mind.

Mon, 07/21/2014 - 13:30 | 4984333 PT
PT's picture

Shit!  That was quick.  It seems only a minute ago I was blabbering away and said



Mon, 07/21/2014 - 13:31 | 4984345 BaBaBouy
BaBaBouy's picture

ZH Must Be The LAST PLACE This Guy Would Have Wanted His Mug To Appear...

Mon, 07/21/2014 - 13:45 | 4984401 knukles
knukles's picture

Why am I smiling?  Was it something I read? 

Mon, 07/21/2014 - 14:11 | 4984518 Pure Evil
Pure Evil's picture

Well, at least they're getting more creative in their suicide efforts.

I mean, jumping off buildings is so 1929, and the family murder/suicide thing is a little over the top.

The nail gun was a nice touch, a little questionable, but its keeping us glued to the screen.

I wonder what the insurance payout to the company will be on this one.

And, they spared the wife on this one, must still find her useful.

Mon, 07/21/2014 - 14:40 | 4984645 espirit
espirit's picture

Got to be a way to start a lottery on this action.

(might speed things up a bit)

Mon, 07/21/2014 - 17:18 | 4985289 0b1knob
0b1knob's picture

Let's pool our money and buy Jon Corzine a kite surfing board and a nail gun for Christmas.

Mon, 07/21/2014 - 14:53 | 4984714 Theosebes Goodfellow
Theosebes Goodfellow's picture

My thoughts exactly, Pure. Kiteboard, eh? Hell, and I thought a nail gun was creative.

Mon, 07/21/2014 - 15:43 | 4984901 Escrava Isaura
Escrava Isaura's picture

"...it sadly brings the number of young financial services executives deaths to 16 this year"

NO! It's NOT.



Mon, 07/21/2014 - 14:55 | 4984726 Amish Hacker
Amish Hacker's picture

The beauty of a watery death, as a method of murder, is that no one can say whether he slipped, hit his head on the board and drowned, or or if one of Goldman's Lucca Brazzis hit him on the head and held him underwater. Likewise with that other, amazingly frequent, murder technique, forcible defenestration from tall buildings. Did he jump? Was he pushed? No way to tell from the body lying on the sidewalk.

Mon, 07/21/2014 - 15:26 | 4984842 Never One Roach
Never One Roach's picture

I wonder if GS has "Key Man" life insurance on its execs like many Big Corps do... i mean with an "accidental death" and Double Indemnity Clause...who knows how much a corp can get? My brother's company has a $1 million one on him.


"Double indemnity is a clause or provision in a life insurance or accident policy whereby the company agrees to pay the stated multiple (i.e., double) of the face amount in the contract in cases of death caused by accidental means. This includes murder by a person other than, and not in collusion with, the beneficiary of the insurance policy, and most accidental deaths."





Mon, 07/21/2014 - 16:37 | 4985124 August
August's picture

Got Hunter Biden's smile....

Mon, 07/21/2014 - 17:26 | 4985322 The Big Ching-aso
The Big Ching-aso's picture

Damn. It used to be concrete shoes. Now it's concrete kiteboards?

Mon, 07/21/2014 - 13:32 | 4984346 Anusocracy
Anusocracy's picture

Fifteen down, thousands to go.

Mon, 07/21/2014 - 15:19 | 4984822 QEternity
QEternity's picture

Lets give to the greater good

Mon, 07/21/2014 - 13:35 | 4984364 PT
PT's picture

Anyone else want to have a turn?




Hmmm, that isn't the nice little boy that mummy taught me to be.  Perhaps I've spent too much time here.

Mon, 07/21/2014 - 13:33 | 4984336 BaBaBouy
BaBaBouy's picture


Mon, 07/21/2014 - 13:24 | 4984304 john39
john39's picture

did he want out? say the wrong thing? or simply know to much...  the the latter, how many more fall into that catagory?

Mon, 07/21/2014 - 15:55 | 4984959 Took Red Pill
Took Red Pill's picture

maybe he was high as a kite

Mon, 07/21/2014 - 18:25 | 4985510 logicalman
logicalman's picture

Based on his hairdo, he was after Lloyd's job.

Could explain a lot.

Mon, 07/21/2014 - 13:31 | 4984341 boattrash
boattrash's picture

Sum Ting Wong, no, you are not.

"While there is no accusation of suicide in this case, it sadly brings the number of young financial services executives deaths to 16 this year".

The sad part, are the low numbers.

Mon, 07/21/2014 - 13:19 | 4984279 BaBaBouy
BaBaBouy's picture


Mon, 07/21/2014 - 14:53 | 4984716 flacon
flacon's picture

Gold men's scrotums. 

Mon, 07/21/2014 - 13:22 | 4984257 BaBaBouy
BaBaBouy's picture


Mon, 07/21/2014 - 13:25 | 4984284 Dr. Engali
Dr. Engali's picture

What's that, screwing over a Muppet? Or maybe kicking a puppy?

Mon, 07/21/2014 - 13:10 | 4984221 Leonardo Fibonacci2
Leonardo Fibonacci2's picture

Nail guns were sold out at Home Depot......

Mon, 07/21/2014 - 14:26 | 4984583 Ms. Erable
Ms. Erable's picture

It was dem dere Rooskies what shot 'im down whiles he wuz in dat kite thingy, I tells ya! Dey got dem dere Buktoof antee-aereoplayne nailgunz all over da place - seen it on da teevee, I did! An i heared dat Bush soled 'em to the Rooskies inna first playce!

Mon, 07/21/2014 - 13:04 | 4984187 alien-IQ
alien-IQ's picture

You do NOT kitesurf alone. ESPECIALLY if you are a novice.

Mon, 07/21/2014 - 13:27 | 4984323 icanhasbailout
icanhasbailout's picture

double especiallly if you're not good with a nailgun either

Mon, 07/21/2014 - 13:37 | 4984367 813kml
813kml's picture

I hope he got chomped by a hammerhead shark to keep with the theme.

Mon, 07/21/2014 - 15:00 | 4984743 Amish Hacker
Amish Hacker's picture

Then, thematically, he should get chomped by a giant squid.

Mon, 07/21/2014 - 13:33 | 4984355 Moe Hamhead
Moe Hamhead's picture

Hmmm, like Fredo in The Godfather!

Mon, 07/21/2014 - 13:39 | 4984381 LasVegasDave
Mon, 07/21/2014 - 13:35 | 4984363 boattrash
boattrash's picture

True, alien, John Kerry should have gone with him.

Mon, 07/21/2014 - 14:12 | 4984420 knukles
knukles's picture

Dear Leader's Reptilian Shapeshifitng Palziewalzie.
Ever noticed how much his face morphs from photo to photo
Gets sent to Egypt to straighten out the Gaza thingamajigglies.
Spends time in the "crypt" in the King's Chamer rejuvinating.


"No point mentioning those bats, I thought. The poor bastard will see them soon enough."
     - The Good Doctor

Mon, 07/21/2014 - 15:26 | 4984840 Alea Iactaest
Alea Iactaest's picture



I really would like to read whatever Taibbi and Hunter S. could have put together. Maybe add a little George Carlin on the side. John Stewart and Stephen Colbert would be taking notes.

Mon, 07/21/2014 - 18:48 | 4985588 knukles
knukles's picture

Oh my... Tiabbi and the Good Doctor together....
One could only imagine...

Perhaps a great wish for another go around....

Mon, 07/21/2014 - 13:42 | 4984389 ebear
ebear's picture

One does not simply kitesurf into Mordor.

Mon, 07/21/2014 - 13:53 | 4984422 knukles
knukles's picture




Never do anything you wouldn't want to explain to the paramedics
        (guess who)

Mon, 07/21/2014 - 13:51 | 4984430 petolo
petolo's picture

If you work for Goldman and are a novice kiker please go alone.

Mon, 07/21/2014 - 14:36 | 4984630 Kirk2NCC1701
Kirk2NCC1701's picture

The Man Who Knew A Lot, now demoted to The Man Who Tells No Tales.

Mon, 07/21/2014 - 19:51 | 4985837 overmedicatedun...
overmedicatedundersexed's picture

 No Iq :"You do NOT kitesurf alone. ESPECIALLY if you are a novice." he was not alone, the hit team was there too. just as you do not fly a plane full of tourists thru a war zone by chance, you do it as ordered. this was ordered.

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