Schwartz, 58, retired as Goldman Sachs’ president and co-operating officer in 2018 after a 20-year career at the bank.
Carlyle Group on Monday appointed former Goldman Sachs executive Harvey Schwartz as its chief executive officer, taking on the tasks of driving the private equity firm’s earnings, growing its assets under management and boosting its stock price.
Schwartz, 58, retired as Goldman Sachs’ president and co-operating officer in 2018 after a 20-year career at the bank, where he held other leadership roles including chief financial officer and global co-head of its trading division. Unlike most Wall Street executives with Ivy League pedigrees, Schwartz graduated from Rutgers University before earning an MBA at Columbia. He joined Goldman in 1997.
Carlyle shares were trading down 2.33% at $33.11 per share, in line with the broader market, after Monday’s announcement. Carlyle, which has $369 billion in assets under management, is set to report its fourth-quarter earnings on Feb. 7.Andrew Harrer | Bloomberg | Getty Images
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