Goldman's longest serving employee Alfred Feld dies at 98

Goldman Sachs employee Alfred Feld passed away last night, according to the investment bank. Feld had worked for the Wall Street institution for 80 years.

Feld began with the bank in 1933 as a messenger in mail operations. Five days later he was promoted to office boy, and would eventually work in private wealth-management.

He passed away in Palm Beach, Florida according to a memo sent by CEO Lloyd Blankfein and president Gary Cohn.

Goldman's memo said that he advised many of the bank's most important clients, "many of whom have transitioned through multiple generations".

He was also an active and tireless mentor to our people, and we have been privileged to benefit from his wisdom, leadership and perspective over the last eight decades.

Feld is survived by his daughter Marjorie and his son Arthur.