Larry Schloss has agreed to become the next chief investment officer for New York City, peHUB has learned. He currently is chairman and CEO of private equity firm Diamond Castle Holdings, and previously ran CSFB Private Equity and DLJ Merchant Banking.
The CIO position is one of several not yet officially filled by new NYC Comptroller John Liu, who took office earlier this month. It is unclear if Rita Sallis — CIO under former NYC Comptroller William Thompson — will remain in any capacity.
Schloss did not return calls from peHUB, while a Liu’s spokeswoman declined to comment. We did reach one of Schloss’ Diamond Castle partners, but he simply said: “You’ll have to talk to Larry.”
While we wait for official word, it’s worth briefly discussing what this move could mean for both Diamond Castle and New York City: