The private equity firm, The Carlyle Group, has officially announced former Goldman Sachs Inc executive Harvey Schwartz as the company’s new CEO and will replace co-founder and interim CEO Bill Conway.
Bank of America Vice Chairman Keith Banks provides his outlook on upcoming earnings and other macroeconomy factors.Inc executive Harvey Schwartz as the company’s new CEO.
Conway replaced Kewsong Lee, who stepped down in August 2022 as his five-year employment agreement was ending. Schwartz is taking the helm at a crucial juncture for private equity companies, when a stock market rout triggered by fears of an economic downturn has made it tougher to cash out on investments.
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