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    Harvey M. Schwartz

    Chief Executive Officer (CEO) at Carlyle Group Inc
    Board
    Since February 15, 2023
    Age
    60 years
    Education
    Holds a BA from Rutgers University and an MBA from Columbia University.
    Tenure
    Joined CG as Chief Executive Officer on February 15, 2023 and has since been steering the firm's strategic direction.

    Also at Carlyle Group Inc

    CF
    Christopher Finn
    Chief Operating Officer (COO)
    JWF
    Jeffrey W. Ferguson
    General Counsel
    LL
    Lindsay LoBue
    Chief Operating Officer (COO)

    About

    Harvey M. Schwartz is an accomplished executive with a strong background in global finance and leadership. His career spans major institutions, including a long tenure at Goldman Sachs where he held several senior roles, and early career experiences at Citigroup and J.B. Hanauer & Co. His dedication and expertise have made him a respected figure in the financial industry.

    Based in New York City, he brings a unique blend of operational insight and strategic vision to his role at CG. His involvement in various board positions such as at The Bank of London, SoFi Technologies, and One Mind underscores his commitment to governance and innovation beyond his primary executive responsibilities.

    Beyond his corporate achievements, his engagement in philanthropic initiatives and mentorship highlights a commitment to addressing broader societal issues, including mental health and the development of future business leaders. This rich tapestry of professional experience and personal dedication makes his leadership at CG both dynamic and impactful.

    $CG Performance Under Harvey M. Schwartz

    Past Roles

    OrganizationRoleDate RangeDetails
    Goldman Sachs President and Co-Chief Operating Officer; also held roles as Chief Financial Officer, Global Co-Head of the Securities Division, Head of Securities Division Sales, Head of North American Sales, and Co-Head of the Americas Financing Group 1997–2018Member of the Management Committee; co-headed the Risk Committee, Steering Committee on Regulatory Reform, Capital Committee, and Finance Committee; established and served on the Investment Policy Committee
    Citigroup Various roles including participation in the firm's credit training program and structuring commodity derivatives 1989–1997Engaged in the credit training program and specialized in commodity derivatives structuring
    First Interregional Equity Corporation Employee N/AWorked at the firm prior to joining Citigroup
    J. B. Hanauer & Co. Employee N/AStarted his career at this firm

    External Roles

    OrganizationRoleDate RangeDetails
    The Bank of London Group Chairperson and Non-Executive Director N/AClearing and payments bank with operations in London and New York City
    SoFi Technologies, Inc. Board Member N/ASan Francisco-based fintech company
    One Mind Board Member N/ANonprofit focused on collaborative research and advocacy for brain health challenges

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,000,000 AnnualFixed base salary for 2023.
    All Other Compensation$174,597 AnnualIncludes 401(k) Plan Matching Contributions: $12,875 , Health and Welfare Benefits: $10,722 , Personal Use of Company Aircraft: $151,000.

    Performance Compensation

    Data from  FY 2023

    CEO Performance Bonus

    MetricThresholdTargetMaximumWeightActual AchievementAdditional Details
    Fee Related Earnings (FRE)50% of target payout 100% of target payout 200% of target payout 25% of bonus opportunity200% achieved Evaluated on a 45-day average closing price basis.
    Expense Removal50% of target payout 100% of target payout 200% of target payout 25% of bonus opportunity200% achieved
    Organizational Design0-200% scale 0-200% scale 200% of target1/3 of remaining 50% bonus200% achieved
    Talent/People0-200% scale 0-200% scale 200% of target1/3 of remaining 50% bonus200% achieved
    Revenue Growth0-200% scale 0-200% scale 200% of target1/3 of remaining 50% bonus200% achieved
    Bonus PayoutN/A$3,000,000 (target)$6,000,000Combined metrics from financial and qualitative areasMaximum payout received Combines achievement of both financial and qualitative performance metrics.

    Sign‑On RSU Award

    DetailValueAdditional Details
    Grant DateFebruary 15, 2023
    Grant Date Fair Value$71,999,975
    Number of RSUs2,031,602 shares Vests ratably in four installments on February 1 of 2024, 2025, 2026, and 2027; settlement occurs on December 15 of the prior year.
    Grant Date Stock PriceDetermined by closing price on grant date Calculated from an intended value of $72,000,000 divided by the closing price.

    Sign‑On PSU Award

    DetailValueAdditional Details
    Grant DateFebruary 15, 2023
    Grant Date Fair Value$107,981,064
    Number of PSUs4,730,617 shares Vests in five equal tranches upon achieving performance hurdles.
    Performance Hurdles$42.74, $51.29, $58.12, $64.96, $71.80Representing 125%, 150%, 170%, 190%, and 210% of the starting share price of $34.19.
    Measurement PeriodFebruary 15, 2023 to January 31, 2028 Requires the 45-day average closing price to meet or exceed each hurdle.
    Additional ConditionRelative TSR for Tranches 4 & 5Must be in the 60th percentile (or partial vesting between 50th and 60th) relative to the S&P 500 Financials Index.