![]() ![]() On February 7, Carlyle, which oversees $369 billion in assets, is scheduled to release its fourth-quarter results. In Carlyle, you have an investment firm that has struggled to. Youngkin had spent 25 years at Carlyle.Īfter Lee left his position as CEO of Carlyle last year, Conway took over the position on an interim basis. In many ways, Carlyle and Harvey Schwartz are perfectly imperfect for each other. Since 2017, when Conway and Rubenstein handed their co-CEO responsibilities over to their considerably younger protégés Lee and Glenn Youngkin, succession issues have plagued Carlyle.Īfter Youngkin left the company in 2020 to run a successful campaign for Virginia governor, Lee, who had joined Carlyle in 2013 after working for Warburg Pincus for 21 years, was appointed as the company's sole CEO. Harvey Schwartz, who was once in the running for the top job at Goldman Sachs, is taking over at the investing giant after the abrupt exit of its former C.E.O. According to prior reports, the founders believed Lee did not fully engage them before making important choices. have reportedly outperformed Carlyle, notably in terms of the increase of assets under management and stock performance.Īfter Lee's turnaround attempts fell short of expectations, Carlyle, whose founders David Rubenstein, William Conway, and Daniel D'Aniello own around 26% of the company, declined to renew Lee's five-year contract. following 20+ distinguished years at the company where he oversaw sales and trading, finance, technology and. In recent years, rivals Blackstone Inc., Apollo Global Management Inc., and KKR & Co. Harvey retired from Goldman Sachs Group, Inc. He is a director of SoFi Technologies Inc., an online lender.īased in Washington, D.C. At Goldman Sachs, we think the best outcomes happen when we consider many different perspectives. He was appointed group head of the British clearing and transaction bank, the Bank of London, in 2021. ![]() Before David Solomon won the job, he was a contender to succeed Lloyd Blankfein as CEO of Goldman. Red Karl Marx sculptures by artist Ottmar Hoerl. following 20+ distinguished years at the company where he oversaw sales and trading, finance, technology and operations. To get an in-depth analysis on the state of global capitalism, we spoke with Harvey about populism, Goldman-Sachs, and Silicon Valley’s elite. Carlyle Group, a private equity and investment firm, has appointed a new CEO, months after the departure of Kewsong Lee in August 2022. Schwartz was unavailable for comment, and a spokeswoman for Carlyle declined to make any.Īfter a 20-year career at the investment bank, where he held a number of top positions, including chief financial officer and worldwide co-head of its trading division, Schwartz, 59, left Goldman in 2018. Harvey retired from Goldman Sachs Group, Inc. The hiring of Schwartz, which is anticipated to be revealed on Monday, ends Carlyle's hunt for a new CEO after Kewsong Lee left the company in August of last year. Former Goldman Sachs executive Harvey Schwartz has been appointed as the Carlyle Group's next CEO, a person with knowledge of the situation told Reuters on Sunday. ![]()
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