Christopher Dodds has joined The Carlyle Group as a San Francisco-based senior advisor to its global financial services group. He is the former CFO of The Charles Schwab Corp.
Global private equity firm The Carlyle Group today announced it has named Christopher V. Dodds Senior Advisor to its Global Financial Services Group. He is based in San Francisco and began his duties on November 1, 2008.
Mr. Dodds, who retired as Chief Financial Officer and Executive Vice President of The Charles Schwab Corporation in May 2007 after 21 years with the firm, will help Carlyle find and evaluate investment opportunities as well as consult with the financial services portfolio companies.
“I am pleased to welcome Chris to Carlyle. Having worked together on a number of highly successful transactions over the years I am particularly pleased that he is joining Carlyle. Chris’s raft of experience will make our due diligence more insightful and our company ownership more fruitful,” said Olivier Sarkozy, Carlyle Managing Director and Head of the Global Financial Services Group.
Mr. Dodds said, “This is a great opportunity to work with a seasoned investment team in the midst of incredible market tumult. I’ve admired Carlyle from afar and look forward to adding value to the investment process and working with portfolio companies.”
Carlyle established its Global Financial Services Group in June 2007 and the team completed its first investment in August 2008 with a $75 million investment in wealth management firm Boston Private Financial Holdings, Inc. The group’s network of 13 professionals focuses on investment opportunities in banking, insurance, specialty finance, asset management, capital markets and FIG technology.
From 1999 through 2007, Mr. Dodds served as Schwab’s Executive Vice President and Chief Financial Officer, responsible for strategic planning, financial planning and analysis, treasury, taxation, corporate accounting, external and regulatory reporting, mergers and acquisitions, investor relations, risk management and corporate real estate. Prior to this position, Mr. Dodds served as Corporate Controller from 1997 to 1999, Corporate Treasurer from 1993 to 1997 and Vice President of Corporate Finance and Mergers and Acquisitions from 1989 to 1993. He joined Schwab in 1986. Mr. Dodds began his career with the treasury departments of Gulf Oil and Exxon.
Mr. Dodds, 48, earned his M.B.A. from the University of Pittsburgh and his bachelor’s degree from Clemson University, where he was captain of the men’s varsity basketball team.
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The Carlyle Group is a global private equity firm with $89.3 billion of assets under management committed to 64 funds as of June 30, 2008. Carlyle invests in buyouts, growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America and South America focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, technology & business services and telecommunications & media. Since 1987, the firm has invested $49.4 billion of equity in 836 transactions for a total purchase price of approximately $220 billion. The Carlyle Group employs more than 990 people in 21 countries. In the aggregate, Carlyle portfolio companies have more than $109 billion in revenue and employ more than 415,000 people around the world. www.carlyle.com