Golub Capital is restructuring its senior leadership for the first time, naming David Golub as co-chief executive officer alongside his brother Lawrence Golub, while also introducing a multi-co-president framework as the private credit firm expands its management bench, according to a report by Bloomberg.
The changes, confirmed in a company statement, follow earlier reporting by Bloomberg News and mark a significant evolution in the governance structure of the alternative asset manager, which oversees approximately $90 billion in assets under management.
The Golub brothers emphasised in an investor letter that the leadership expansion does not signal any immediate transition in control, stressing that both remain committed to the firm for the long term. “We are not going anywhere,” they said, adding that there are no plans for retirement in the foreseeable future.
Founded more than three decades ago, Golub Capital has been a key player in the development of the direct lending market and currently employs roughly 1,100 people. The firm operates within the broader $1.8tn private credit industry, which has recently faced increased scrutiny over exposure to riskier corporate borrowers, particularly in the software sector.
Alongside the co-CEO appointment, the firm has named three co-presidents for the first time. These include longtime internal executive Spyro Alexopoulos, who co-heads sponsor finance, as well as two external hires: Laurence Stein, formerly a senior executive at Goldman Sachs, and Gerry Keefe, previously head of banking for Europe and the Americas at HSBC.
Stein brings extensive experience in asset and wealth management leadership, while Keefe joins after senior roles at both HSBC and Citigroup, reflecting Golub’s effort to deepen its operating and client coverage capabilities at the top level.
The firm also announced additional senior appointments, including vice chair roles for Greg Cashman, Josh Levinson, and Gregory Robbins, while longtime executives Andy Steuerman and Chief Financial Officer Frank Straub are transitioning toward reduced responsibilities and planned retirement.
