“ Top Private Equity Carlyle Appoints Goldman Sachs President Harvey Schwartz as CEO, Global AUM of $373 Billion with 3 Business Segments in Private Equity, Global Credit & Global Investment Solutions “Ĭarlyle Co-Chairmen Bill Conway and David Rubenstein: “Harvey is a widely respected business builder with significant leadership experience in a high-performing, highly competitive global financial institution. In July 2022, Glenn Youngkin retired (Elected & won United States’ Virginia governorship 2021), with Kewsong Lee appointed as the sole CEO of Carlyle Group. In late 2017, Carlyle Group had named Kewsong Lee and Glenn Youngkin as co-CEOs, succeeding David Rubenstein & Conway as co-CEOs. In 2021, Kewsong Lee had earned around $42 million and had requested for a pay package worth around $300 million for 5 years, in line with top private equity firms KKR & Apollo. Schwartz will be responsible for setting and executing a strategy that advances and accelerates the diversification plan the firm has successfully pursued, as well as identifying new investment opportunities to further grow and scale the firm, drive sustained performance for fund investors, and create significant shareholder value.” In 2022 August, Carlyle Group CEO Kewsong Lee has resigned ahead of his 5 years contract ending at the end of 2022 after contract renewal discussion failed, with Carlyle Group co-founder Bill Conway appointed as the interim CEO and a board formed to search for a new CEO. Importantly, he has a proven track record as a seasoned operator and a demonstrated ability to develop high-performing talent and teams in order to capitalize fully on growth opportunities, in all macroeconomic and regulatory environments. Schwartz brings to Carlyle extensive experience leading and expanding a wide range of large, profitable businesses, as well as a deep understanding of global capital markets and the needs of clients. With a career spanning more than 35 years in the industry, Mr. He also held leadership roles across a broad range of the firm’s operations, including its Securities and Investment Banking divisions, where he was instrumental in driving the growth of a number of the firm’s client franchises. (NYSE: GS), and prior to that, served as the firm’s Chief Financial Officer, where he oversaw its most critical financial and risk management processes as well as its capital allocation strategy. Carlyle: “Harvey Schwartz is the former President and Co-Chief Operating Officer of The Goldman Sachs Group, Inc. Carlyle interim CEO Bill Conway will step down and continue his role as Co-Chairman of the Board. Top Private Equity firm Carlyle with $373 billion AUM (Assets under Management) has appointed former Goldman Sachs President & Co-COO Harvey Schwartz as the new Carlyle CEO, leading the private equity group with 3 business segments in Private Equity, Global Credit & Global Investment Solutions (15/2/23). Top Private Equity Carlyle Appoints Goldman Sachs President Harvey Schwartz as CEO, Global AUM of $373 Billion with 3 Business Segments in Private Equity, Global Credit & Global Investment Solutions
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