Harvey schwartz goldman sachs biography of albert
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From 2007 to early 2008, he was Global Head of Securities Division Sales, from 2005 to 2007 he was Head of North America Sales, and from 2004 to late 2005 he was Co-Head of the Americas Financing Group within Investment Banking. 345 N Reid Place, Suite 620, Sioux Falls, SD 57103. “Mathematics, with the overlay of social and behavioral dynamics, immediately hooked me,” he said.
Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. He has championed an effort to provide financial support to students pursuing a career in the finance sector and helps to connect students with alumni executives.
He told Rutgers Magazine in 2014 that he was an indifferent student in high school, but that Rutgers “dramatically changed” him.
The award recognizes alumni who, through their remarkable achievements in professional and civic life, have brought honor to themselves and the university.
Rutgers previously inducted four other Livingston College alumni into the HDA: Avery F. Brooks in 1993, Edward M. Jordan and Clifton R. Lacy in 2004, and Gregory Q.
Brown in 2010.
It was an inauspicious time.
Schwartz “learned early in his career about tough times on Wall Street,” according to a 2012 profile from Bloomberg News, republished by . “It’s where I learned to love learning.” He worked multiple jobs to put himself through college, and as a junior and senior, he served as a resident assistant at Rutgers.
On Saturday, May 3, 2014, the Rutgers University Alumni Association inducted Schwartz and four other alumni into the HDA:
- Joseph G.
DiPietro, RC’84, two-time Tony Award-winning playwright and lyricist.
- Sheri McCoy, RBS’88, chief executive officer and director of Avon Products, Inc.
- Daniel C. Reda, Ph.D., ENG’65, GSNB’67, ’69, mechanical engineer and recipient of the NASA Distinguished Service Medal.
- Rosemarie T.
Truglio, DC’83, senior vice president of curriculum and content at Sesame Workshop.
Induction into the Rutgers HDA is the highest award Rutgers bestows upon its alumni. Among his efforts, Harvey founded and supports a pioneering program for students at his alma mater Rutgers University that provides them with real-life financial services experience through internships, professional networking opportunities and mentorship.
Harvey earned BA from Rutgers University where he is member of the university’s Hall of Distinguished Alumni and a past member of the Rutgers University Foundation’s Board of Overseers.
Carlyle's board conducted a six-month review, approaching numerous Wall Street leaders—including sitting CEOs and other senior executives—who declined the role due to factors such as compensation structures, relocation requirements to Washington, D.C., and internal firm dynamics.[36][37] The search prioritized candidates with proven operational expertise in complex financial institutions, ultimately selecting Schwartz for his track record in risk management, capital allocation, and strategic oversight, with his start date set for February 15, 2023.[38]
Leadership at The Carlyle Group
Harvey Schwartz was appointed Chief Executive Officer of The Carlyle Group on February 6, 2023, succeeding Kewsong Lee after the board's unanimous determination that his experience at Goldman Sachs, track record in financial oversight, and skillset positioned him to drive the firm's growth and diversification.[24] His compensation package included a $1 million base salary, eligibility for up to $3 million in annual bonuses, and $180 million in restricted stock units vesting over time.[39]Schwartz has overseen internal leadership restructuring to bolster strategic execution.InsiderTrades.com does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. He received his MBA from Columbia University.
Harvey M. Schwartz, Chief Executive Officer and member of the board of directors at Carlyle as of 2023, graduated from Rutgers’ Livingston College in 1987.
Fundamental company data provided by Zacks Investment Research. In July 2025, he described the global environment as a "crossroad," urging focus on fundamentals like disciplined underwriting and private capital demand despite uncertainties.[48] By October 2025, he cautioned on credit market turbulence linked to policy shifts but maintained that core stability persists, with the firm actively seeking deals.[49][50] Earlier, in response to tariff risks, he advised investors to "buckle up" while emphasizing confidence as a driver of market liquidity.[51]
Appointment as CEO
On February 6, 2023, The Carlyle Group announced the appointment of Harvey Schwartz as its Chief Executive Officer, effective February 15, 2023.[37][38] Schwartz, who previously served as co-chief operating officer and chief financial officer at Goldman Sachs, was selected following a six-month executive search after the abrupt departure of prior CEO Kewsong Lee in August 2022.[38][52] At the time of the announcement, interim CEO William E.Conway Jr., a Carlyle co-founder, stepped down from the role but retained his position as co-chairman of the board.[37][53]The board's decision was unanimous, with Conway describing Schwartz as the first choice among candidates due to his extensive experience in financial management, risk oversight, and strategic operations at a major global investment bank.[53] Schwartz's background included leading Goldman Sachs through periods of market volatility and regulatory scrutiny, which aligned with Carlyle's needs amid challenging private equity conditions, including elevated interest rates and reduced deal activity.[38] Upon appointment, he also joined Carlyle's board of directors.[37]Schwartz's employment agreement included a base salary of $1 million, eligibility for an annual bonus up to $3 million, and inducement equity awards valued at approximately $180 million in Carlyle stock, vesting over time and tied to performance metrics.[38][54] These terms were disclosed in regulatory filings and reflected the firm's emphasis on aligning executive incentives with long-term shareholder value in a competitive talent market for alternative asset managers.[55] The appointment occurred against a backdrop of Carlyle's fiscal challenges, as the firm reported a significant earnings decline in the preceding quarter, underscoring the strategic imperative for Schwartz's operational expertise.[53]
Strategic direction and internal changes
Upon assuming the role of CEO at The Carlyle Group on February 15, 2023, Harvey Schwartz prioritized enhancing fee-related earnings through disciplined capital deployment and operational efficiencies.Also as of 2023, he is serving as a member of Rutgers University’s Board of Governors, through 2028.
Schwartz went on to work at First Interregional Equity Corp., Citicorp Securities and Summit Equities before joining the multinational financial services company Goldman Sachs, according to a Business Insider biography.
This included relocating board and investor meetings to the capital and consolidating operations there to capitalize on policy insights and networking in a potential second Trump administration era.[57][58] Internally, he reformed compensation structures to align senior executives more closely with long-term performance, increasing the proportion of carried interest in pay packages to incentivize value creation over short-term fees.[59]Significant leadership restructuring followed, with announcements on July 28, 2025, of new senior roles effective January 1, 2026, designed to support Schwartz in advancing core priorities such as portfolio optimization and global expansion.[41] These changes built on earlier initiatives, including the global expansion of the Admiral's Leadership Program in 2024, which focused on developing senior talent and achieved high retention rates.[60] Overall, these internal adjustments aimed to foster a performance-driven culture capable of reclaiming Carlyle's position among top private equity firms.[59]
Recent initiatives and market commentary
Under Schwartz's leadership, Carlyle Group has pursued expanded access to private markets through targeted product launches, including a private equity offering tailored for wealth channels announced in February 2024, as part of four core strategic priorities encompassing wealth, credit and insurance, investment solutions, and operational enhancements.[61] In 2025, the firm set a goal of 6% growth in fee-related earnings (FRE), following a record $1.1 billion in FRE for 2024, which represented a nearly 30% year-over-year increase driven by realizations, particularly in private equity.[43] With approximately $80 billion in deployable capital as of May 2025, Schwartz emphasized active investment pursuits across opportunities, amid a surge in realizations that supported the launch preparations for Fund IX.[44][62]To advance these priorities, Schwartz appointed three co-presidents in July 2025—Curry McCarthy, Jade Chang, and Peter Clare—elevating them to collaborate on strategic execution and firm-wide priorities, solidifying his leadership team amid Carlyle's adaptation to evolving private markets dynamics.[41][40] The firm also highlighted portfolio resilience, with Schwartz noting in February 2025 that Carlyle's investments were well-insulated from potential tariff impacts under the incoming Trump administration, anticipating limited exposure due to diversified holdings.[63]In market commentary, Schwartz has expressed measured optimism about the U.S.economy while cautioning on external risks; in March 2025, he advised investors to "buckle up" for tariff-related uncertainty, predicting sustained inflation from trade disruptions but maintaining a positive long-term outlook tied to private markets' role in capital allocation.[64] Addressing private credit concerns raised by JPMorgan CEO Jamie Dimon, Schwartz reframed risks in October 2025 as a "canary" signaling vigilance rather than systemic "cockroach" infestation, attributing recent volatility to specific dislocations without altering Carlyle's short-term expansion in credit strategies.[65][49] In his July 2025 mid-year assessment, he described the global environment as at a "crossroad," urging focus on resilient growth amid geopolitical and economic shifts entering the second half of the year.[48]
Other engagements
Board roles and public service
Schwartz served as a director of SoFi Technologies, Inc., joining the board in early 2021 following the company's initial public offering via a business combination with Social Capital Hedosophia Holdings Corp.On July 28, 2025, he elevated three senior executives—Curry McCarthy, Jeff Fujimoto, and Michael Wand—to newly created co-president roles, effective January 1, 2026, tasking them with advancing investment performance, operational efficiency, and global priorities in private equity, credit, and investment solutions.[40][41] This reorganization reflects efforts to solidify his inner circle amid a broader remake of the firm's structure following its public listing and market challenges.[42]Financially, under Schwartz's direction, Carlyle achieved record fee-related earnings of $1.1 billion in 2024, marking a nearly 30% year-over-year increase, driven by expanded assets under management reaching approximately $447 billion by mid-2025.[43] The firm targeted 6% fee-related earnings growth for 2025, emphasizing deployment of its $80 billion in dry powder for new investments, including opportunities in private credit and AI-enabled portfolio optimizations projected to yield $50 million in bottom-line impacts.[44][45] In the second quarter of 2025, fee-related earnings hit new highs, supporting Carlyle's shares outperforming peers amid private markets expansion.[46][47]Schwartz has provided market commentary highlighting resilience amid volatility.
He was named Managing Director in 1999 and Partner in 2002. You can opt out at any time. He serves as a board member and on the Governing Council of the One Mind Accelerator, an organization dedicated to advancing brain health research and treatment for mental illnesses through investment and innovation.[23] His involvement extends to broader endeavors in physical and mental health management, reflecting a commitment to addressing these areas via investment and advisory roles.[1][69]In education, Schwartz endowed a $1 million scholarship fund through the Goldman Sachs Philanthropy Fund (Goldman Gives) to cover tuition and fees for four full-time students annually at Rutgers Business School-Newark and New Brunswick, his alma mater.[70] He has also supported public safety causes, receiving the FDNY Fire Commissioner's Humanitarian Award in September 2024 for contributions that helped raise over $4 million for the FDNY Foundation during its annual dinner.[71]Regarding advisory positions, Schwartz holds a seat on the Rutgers University Board of Governors, overseeing strategic and governance matters for the institution.[16] Previously, he served on the Rutgers University Foundation Board of Overseers and the School of Arts and Sciences Dean's Advisory Council, roles that supported fundraising and academic advisory functions.[70] These commitments align with his focus on cultivating future business leaders.[1]
Harvey M.
Schwartz is a business leader, investor and philanthropist.
For the past 30+ years, Harvey’s professional focus has centered on tackling complex financial and business challenges, innovating and strengthening financial markets and developing leaders.
Harvey retired from Goldman Sachs Group, Inc. following 20+ distinguished years at the company where he oversaw sales and trading, finance, technology and operations.
InsiderTrades.com provides comprehensive coverage of insider trading, including recent insider buying, recent insider selling, and education about insider trading. He is a member of the Goldman Sachs Management Committee and serves as Co-Chair of the firm’s Risk Committee and Finance Committee.
Schwartz received financial aid from Rutgers to complete his bachelor’s degree and dedicates his time and financial support to help support current students in their academic endeavors, according to his Rutgers HDA profile. Among his many philanthropic efforts, he endowed a $1 million scholarship through Goldman Gives to annually pay tuition and fees for four full-time School of Arts and Sciences undergraduate students.
Schwartz has served on the Rutgers University Foundation’s Board of Overseers and the School of Arts and Sciences Dean’s Advisory Council.
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