Carlyle's new boss, Harvey Schwartz, never quite made CEO at former employer Goldman Sachs. But his years of experience at the sharp-end of finance should help the $13 bln buyout firm as it chases bigger rivals: JMAGuilford
Running Carlyle comes with three unique challenges: the firm’s founders. Conway and David Rubenstein remain co-chairs, while Daniel D’Aniello holds the role of chairman emeritus. They collectively own 26% of the firm. They felt that the ousted Lee, who pushed hard to diversify Carlyle’s business, hadn’t adequately consulted them on big moves, according toOn that score, Schwartz looks like a smart choice.
Previous Carlyle CEO Kewsong Lee stepped down in August 2022. The firm’s co-founder Bill Conway, also one of Carlyle’s two co-chairmen, has been filling the role on an interim basis. Schwartz previously held various senior roles including chief financial officer and chief operating officer at investment bank Goldman Sachs, which he left in 2018. He is also a board member at financial technology firm SoFi.Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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