Olivier Sarkozy Joins Carlyle

Olivier Sarkozy has joined The Carlyle Group as co-head and managing director of the firm's global financial services group. He will be based in New York, and begins with Carlyle next month. Sarkozy previously was with UBS as joint global head of FIG Investment Banking, and is the half-brother of French President Nicholas Sarkozy.




Global private equity firm The Carlyle Group today named Olivier Sarkozy Co-head and Managing Director of Carlyle's Global Financial Services Group. Mr. Sarkozy joins Carlyle from UBS, where he is Joint Global Head of FIG Investment Banking. He will be based in New York and begin his duties in April 2008.


David M. Rubenstein, Co-founder and Managing Director of Carlyle, said, “Olivier is a remarkable addition to our financial services team. He has an incredible track record and network that will help Carlyle capitalize on the dislocation in the financial services sector and extend our record of success to this important and growing part of the global economy.”


Mr. Sarkozy said, “This is a unique opportunity to work with a top tier investment firm as it establishes a new global practice. Carlyle's global footprint and track record of success bode well for the remarkable team that has already been assembled. I look forward to working with Dave Zwiener and the team to make a mark for Carlyle in the increasingly important financial services investment sector. I leave UBS with great sadness and wish the FIG team continued success. I will continue to work with UBS in an advisory capacity and welcome UBS's support of Carlyle's financial services investment efforts.”


In recent years, Mr. Sarkozy has worked on numerous prominent banking transactions, including:


  • MBNA sale to Bank of America
  • US Trust sale to Bank of America
  • Mellon merger of equals with The Bank of New York
  • Sallie Mae attempted $25 billion take-private transaction
  • ABN Amro's sale of LaSalle Bank to Bank of America
  • Schwab's leveraged recapitalization
  • Sallie Mae's $3 billion recapitalization
  • CIBC's $1.5 billion private placement of common stock and concurrent $1.4 billion public sale of common equity


In June 2007, Carlyle established its Global Financial Services Group, which now has nine investment professionals, including Co-head and Managing Director David K. Zwiener, former President and Chief Operating Officer of The Hartford Financial Services Group, Inc.'s property and casualty operations; Managing Director Randal K. Quarles, former Under Secretary of the U.S. Treasury for Domestic Finance; and Managing Director David M. Moffett, former Vice Chairman and Chief Financial Officer of U.S. Bancorp.


Mr. Sarkozy has focused his entire career on the financial institutions sector. Prior to joining UBS in 2002, Mr. Sarkozy served in several senior capacities at First Boston Corporation beginning in 1993, including as Managing Director and Head of the Depository Institutions Group. Mr. Sarkozy began his career at Dillon, Read & Co., Inc. in 1990.


Mr. Sarkozy earned his M.A. from St. Andrews University.


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The Carlyle Group is a global private equity firm with $74.9 billion under management committed to 57 funds. Carlyle invests in buyouts, venture & 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 $37.7 billion of equity in 737 transactions for a total purchase price of $213.1 billion. The Carlyle Group employs more than 990 people in 21 countries. In the aggregate, Carlyle portfolio companies have more than $87 billion in revenue and employ more than 286,000 people around the world. www.carlyle.com