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Carlyle Group appoints David Marchick as head of regulatory affairs

The Carlyle Group has appointed David Marchick, previously a partner advising US and foreign companies on regulatory and strategic issues at law firm Covington & Burling, as a managing

The Carlyle Group has appointed David Marchick, previously a partner advising US and foreign companies on regulatory and strategic issues at law firm Covington & Burling, as a managing director and global head of regulatory affairs.

After joining Covington & Burling in 2002, Marchick advised US and foreign companies on the regulatory and strategic issues they face and co-chaired the firm’s national security practice group.

Marchick worked on then-governor Bill Clinton’s successful 1992 presidential campaign and served in the White House, the Treasury and the departments of State and Commerce during seven years in the Clinton administration.

Among other positions, he served as deputy assistant secretary of state, and while at the White House helped co-ordinate the administration’s efforts to secure passage of the North American Free Trade Agreement and the creation of the World Trade Organisation.

As global head of regulatory affairs, Marchick will be based in Washington, DC and report to Carlyle’s co-founders, providing government, global regulatory and strategic advice to the private equity firm’s fund managers.

He will focus on issues relating to the private equity sector as well as regulatory and government-related issues that arise for Carlyle portfolio companies, and assist with issues relating to acquisitions and sales, as well as the ongoing operations of portfolio companies.

‘As transactions get larger and our business expands globally, so does the complexity of the issues,’ says Carlyle co-founder David Rubenstein. ‘Actively engaging policymakers and other stakeholders is more critical than ever to our business. David’s in-house experience, judgment and relationships give Carlyle a competitive edge that will help maximise returns for our investors.’

Marchick says: ‘I look forward to helping create value for Carlyle’s investors through the development of effective regulatory and government focused strategies in the US and abroad.’

Marchick is an expert on foreign investment issues and has advised on several of the largest-ever acquisitions of US companies by companies from China (IBM-Lenovo), Russia (Evraz-Oregon steel), Saudi Arabia (SABIC-GE Plastics) and the United Arab Emirates (DAE-Landmark/Standard Aero), as well as acquisitions by BAE, BT and US private equity firms.

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