Harvey M. Schwartz has been appointed chief executive officer of private equity firm Carlyle Group, effective Feb. 15.
On that date, William E. Conway Jr. will step down as interim CEO but remain as co-chairman of the board, said a news release Monday.
Mr. Schwartz was formerly president and co-chief operating officer of Goldman Sachs Group, and prior to that, he served as the Goldman's chief financial officer.
At Carlyle, Mr. 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," the news release said.
Mr. Schwartz retired from Goldman Sachs on April 20, 2018.
On Aug. 7, 2022, Carlyle named Mr. Conway as interim CEO, after Kewsong Lee stepped down.
Carlyle had $369 billion of assets under management as of Sept. 30.
