![]() Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Such content is therefore provided as no more than general information. Such access and use are always subject to: (i) Terms and Conditions (ii) Risk Warnings and (iii) Full Disclaimer. Reporting by Chibuike Oguh and Lavanya Ahire in Bengaluru editing by Diane Craft, Shri Navaratnam and Edwina Gibbsĭisclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Youngkin had worked at Carlyle for 25 years.Ĭonway returned to his role as Carlyle CEO on an interim basis after Lee's departure last year.Ĭarlyle, which has $369 billion in assets under management, is set to report its fourth-quarter earnings on Feb.7. Lee, who had joined Carlyle in 2013 after spending 21 years at Warburg Pincus, was named sole CEO of the firm in 2020 following the departure of Youngkin, who stepped down to launch a successful campaign to be the governor of Virginia. Succession drama has plagued Carlyle since 2017 when Conway and Rubenstein first relinquished their roles as co-CEOs to their much younger protégées Lee and Glenn Youngkin. The founders also felt Lee didn't adequately consult them on major decisions, sources have previously said. Washington, D.C.-based Carlyle is viewed as having underperformed rivals Blackstone Inc BX.N, Apollo Global Management Inc APO.N and KKR & Co Inc KKR.N in recent years, particularly in growth of assets under management and stock performance.Ĭarlyle, whose founders - David Rubenstein, William Conway and Daniel D'Aniello - control about 26% of the firm, had declined to renew Lee's five-year contract after his turnaround efforts fell short of expectations. He sits on the board of online lender SoFi Technologies Inc SOFI.O. ![]() In 2021, he was named group chairperson of the Bank of London, a British clearing and transaction bank. ![]() He was in contention to succeed Lloyd Blankfein as Goldman CEO before losing out to David Solomon. Schwartz, 59, left Goldman in 2018 after a 20-year career at the investment bank where he served in several leadership roles including as its chief financial officer and global co-head of its trading division. Schwartz's appointment, which is expected to be announced on Monday, brings to an end Carlyle's search for a new CEO following the departure of Kewsong Lee in August last year.Ī Carlyle spokesperson declined to comment, while Schwartz couldn't be reached for comment. UPDATE 2-Carlyle hires ex-Goldman executive Harvey Schwartz as next CEOįeb 5 (Reuters) -Carlyle Group CG.O has hired Harvey Schwartz, a former Goldman Sachs GS.O executive, as its next chief executive officer, a person familiar with the matter told Reuters on Sunday. ![]()
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