Jeffrey Goldstein has rejoined Hellman & Friedman as a managing director. Goldstein returns to the private equity firm after serving as Under Secretary of the Treasury for Domestic Finance and Counselor to the Secretary of the Treasury from 2009 to 2011. He will be based in the firm’s New York offices and will resume his investment focus on the financial services sector, the firm said.
SAN FRANCISCO, Dec. 8, 2011 /PRNewswire/ — Hellman & Friedman LLC, a leading private equity investment firm, today announced that Jeffrey Goldstein has rejoined the firm as a Managing Director. Mr. Goldstein returns to Hellman & Friedman after serving as Under Secretary of the Treasury for Domestic Finance and Counselor to the Secretary of the Treasury from 2009 to 2011.
Mr. Goldstein will be based in Hellman & Friedman’s New York office and will resume his investment focus on the financial services sector. During his previous tenure at Hellman and Friedman from 2004 to 2009, Mr. Goldstein co-led the firm’s investments in LPL Holdings and Grosvenor Capital Management. He will also now take on new responsibilities engaging with the firm’s Limited Partners.
“Jeffrey’s commitment to public service at such a critical time for the US economy was extraordinary and we are proud he was chosen to serve in such an important role,” said Philip Hammarskjold, Chief Executive Officer of Hellman & Friedman. “Financial services has always been a key area of focus for us and Jeffrey brings a wealth of experience and knowledge of the sector. We are delighted that he is now returning to Hellman & Friedman.”
“I am honored to have been given the opportunity to serve at Treasury,” said Mr. Goldstein. “I am extremely excited to rejoin Hellman & Friedman. It is one of the preeminent private equity firms, and I hold the team and its distinguished investment approach in the highest regard.”
Mr. Goldstein has almost 30 years of public and private sector experience in the financial sector. As Under Secretary of the Treasury for Domestic Finance and Counselor to the Secretary of the Treasury, he advised the Secretary on policy issues related to the US banking and financial systems, regulatory reform, financial stability, federal government financing, US housing finance, management of the US Government portfolio of investments in financial institutions and auto companies, fiscal affairs and related economic and financial matters. He was also the Chairman of the Deputies of the Financial Stability Oversight Council and served on the Board of the Securities Investor Protection Corporation and was the Board Representative to the Pension Benefit Guaranty Corporation. Before his original tenure at Hellman & Friedman, Mr. Goldstein served as Managing Director and Chief Financial Officer of the World Bank, where, among other responsibilities, he oversaw the bank’s work with its client countries in strengthening financial and capital markets systems. Prior to his five years at the World Bank, Mr. Goldstein was Co-Chairman of BT Wolfensohn and a member of the Bankers Trust Company Management Committee. He held senior management positions and worked with BT Wolfensohn and related companies for more than 15 years. In addition to his managerial responsibilities, Mr. Goldstein also served as a financial adviser to banks and other financial institutions and industrial corporations in Asia, Australia, Europe, Latin America, and North America. Early in his career, Mr. Goldstein taught economics at Princeton University and worked at the Brookings Institution.
Mr. Goldstein received his Ph.D., M. Phil., and M.A. in Economics from Yale University. He received his B.A. in economics from Vassar College and attended the London School of Economics.
About Hellman & Friedman LLC
Hellman & Friedman LLC is a leading private equity investment firm with offices in San Francisco, New York and London. Since its founding in 1984, Hellman & Friedman has raised and, through its affiliated funds, managed over $25 billion of committed capital. The firm focuses on investing in superior business franchises and serving as a value-added partner to management in select industries including financial services, healthcare, industrial & energy, insurance, internet & digital media, business & marketing services and software.