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Carlyle hires ex-Goldman executive Harvey Schwartz to lead PE group

Wall Street veteran will take the helm as the firm has lagged behind its rivals in recent years

Carlyle Group is set to announce it has hired former Goldman Sachs executive Harvey Schwartz to be the private equity group’s next chief executive, completing its search for a new leader after Kewsong Lee’s abrupt resignation in August.

Schwartz, a two-decade veteran of Goldman who left the Wall Street bank in 2018, has been offered Carlyle’s top job and accepted, said sources briefed on the matter.

Carlyle’s board met on Sunday to vote on the appointment, said the sources. The appointment is expected to be announced on Monday. The Financial Times reported last week on his talks over the role.

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