Harvey M. Schwartz (born 1964) is an American

businessperson A businessperson, businessman, or businesswoman is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) for the ...

investor An investor is a person who allocates financial capital with the expectation of a future Return on capital, return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some specie ...

and

philanthropist Philanthropy is a form of altruism that consists of "private initiatives, for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private goo ...

. He currently serves as CEO of

The Carlyle Group The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and pri ...

, the world’s second-largest

private equity firm A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leve ...

. He is also group chairperson and non-executive director of

The Bank of London The Bank of London is a British clearing, correspondent and wholesale bank operating in the United Kingdom, the United States and Europe. The bank was founded by Anthony Watson. In 2021, Harvey Schwartz was appointed as Group Chairperson and ...

, a clearing and transaction bank. He also serves on the board of

SoFi Sofi may refer to: *Sofi (mascot), the Mascot for 2010 ISF Women's World Championship *Sofi Marinova (born 1975), Bulgarian singer SOFI may refer to: *Swedish Institute for Language and Folklore * Spray-On Foam Insulation, used on the Space Shutt ...

, a San Francisco-based fintech company, and One Mind, a mental health and brain research nonprofit organization. He formerly worked at

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

from 1997 to 2018, with his last post there being president and co-

chief operating officer A chief operating officer or chief operations officer, also called a COO, is one of the highest-ranking executive positions in an organization, composing part of the "C-suite". The COO is usually the second-in-command at the firm, especially if t ...

Early life and career

Schwartz was born in

Morristown, NJ Morristown () is a Town (New Jersey), town and the county seat of Morris County, New Jersey, Morris County, in the U.S. state of New Jersey.

and graduated with a bachelor’s degree in economics from

Rutgers University Rutgers University (; RU), officially Rutgers, The State University of New Jersey, is a Public university, public land-grant research university consisting of four campuses in New Jersey. Chartered in 1766, Rutgers was originally called Queen's ...

in 1987. He started his career at J. B. Hanauer & Co., and then moved to First Interregional Equity Corporation. In 1989, Schwartz joined

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking ...

, where he worked in the firm's credit training program and developed a specialty in structuring commodity derivatives. Schwartz received his MBA in 1996 from

Columbia Business School Columbia Business School (CBS) is the business school of Columbia University, a Private university, private research university in New York City. Established in 1916, Columbia Business School is one of six Ivy League business schools and is one ...

, and joined Goldman Sachs (NYSE:GS) in 1997 as a vice president in its commodities trading business, J. Aron & Co., which the investment bank acquired in 1981. At Goldman Sachs, he held several senior executive leadership roles overseeing sales and trading, finance, technology and operations. He served as the firm’s chief financial officer beginning in 2012, and then became president and co-COO starting in 2016, with

David M. Solomon David Michael Solomon (born c. 1962) is an American investment banker and the chief executive officer (CEO) of Goldman Sachs, a position he has held since October 2018. He has also been chairman of the bank since January 2019. Before assuming hi ...

being the other co-COO. Schwartz retired from Goldman Sachs in 2018, and shortly afterward Solomon was designated as the successor to outgoing CEO

Lloyd Blankfein Lloyd Craig Blankfein (born September 20, 1954) is an American investment banker who has served as senior chairman of Goldman Sachs since 2019, and chairman and chief executive from 2006 until the end of 2018. Previous to leading Goldman Sachs, ...

. Schwartz joined the board of directors of SoFi Technologies Inc. (NASDAQ:SOFI) as the company became public in early 2021. In November 2021, Schwartz assumed the role of group chairperson and non-executive director of The Bank of London. The Bank of London is a privately held global company with a $1.1bn valuation, which provides clearing, agency, and transaction banking services. Schwartz sits on the board of One Mind, a research and mental health advocacy nonprofit organization. Schwartz supported Democratic presidential candidate Joseph Biden in the 2020 U.S. presidential election by contributing at least $100,000 to the Biden Action Fund.

References

{{DEFAULTSORT:Schwartz, Harvey M. Columbia Business School alumni Living people Rutgers University alumni Goldman Sachs people American chief financial officers 1964 births