Private equity firm the Carlyle Group has named Olivier Sarkozy, half-brother of French president Nicolas Sarkozy, as a New York-based managing director and co-head of its global financial
Private equity firm the Carlyle Group has named Olivier Sarkozy, half-brother of French president Nicolas Sarkozy, as a New York-based managing director and co-head of its global financial services group, starting next month. Sarkozy joins Carlyle from UBS, where he was joint global head of financial institutions group investment banking.
‘Olivier is a remarkable addition to our financial services team,’ says Carlyle co-founder and managing director David Rubenstein. ‘He has an incredible track record and network that will help Carlyle capitalise on the dislocation in the financial services sector and extend our record of success to this important and growing part of the global economy.’
Says Sarkozy says: ‘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 will continue to work with UBS in an advisory capacity and welcome its support of Carlyle’s financial services investment efforts.’
In recent years, Olivier Sarkozy has worked on numerous prominent banking transactions, including the acquisitions of MBNA, US Trust and LaSalle Bank by Bank of America, the merger between Mellon Financial and Bank of New York, and the recapitalisations of Schwab and Sallie Mae.
Sarkozy has spent his entire career in the financial institutions sector. Before joining UBS in 2002, he held various senior posts at First Boston beginning in 1993, including managing director and head of the depository institutions group. He began his career in 1990 at Dillon Read.
