Business & Finance
Wed, July 30, 2025
[ Yesterday Evening ]: Associated Press
[ Yesterday Evening ]: The Elkhart Truth, Ind.
[ Yesterday Evening ]: WTOP News
[ Yesterday Evening ]: The Financial Express
[ Yesterday Afternoon ]: Flightglobal
[ Yesterday Afternoon ]: Business Today
[ Yesterday Afternoon ]: Ghanaweb.com
[ Yesterday Afternoon ]: moneycontrol.com
[ Yesterday Afternoon ]: The Motley Fool
[ Yesterday Morning ]: CoinTelegraph
[ Yesterday Morning ]: Forbes
[ Yesterday Morning ]: Deadline.com
[ Yesterday Morning ]: MarketWatch
[ Yesterday Morning ]: BBC
[ Yesterday Morning ]: The Globe and Mail
[ Yesterday Morning ]: ThePrint
[ Yesterday Morning ]: newsbytesapp.com
[ Yesterday Morning ]: The Financial Times
[ Yesterday Morning ]: dpa international
[ Yesterday Morning ]: The Straits Times
[ Yesterday Morning ]: MassLive
[ Yesterday Morning ]: reuters.com
[ Yesterday Morning ]: Newsweek
[ Yesterday Morning ]: Reason.com
[ Yesterday Morning ]: Reading Eagle, Pa.
[ Yesterday Morning ]: Channel NewsAsia Singapore
[ Yesterday Morning ]: Seeking Alpha
Tue, July 29, 2025
[ Last Tuesday ]: KRQE Albuquerque
[ Last Tuesday ]: KXAN
[ Last Tuesday ]: WBOY Clarksburg
[ Last Tuesday ]: sportskeeda.com
[ Last Tuesday ]: U.S. News & World Report
[ Last Tuesday ]: WPXI
[ Last Tuesday ]: KIRO-TV
[ Last Tuesday ]: The Motley Fool
[ Last Tuesday ]: WHIO
[ Last Tuesday ]: Flightglobal
[ Last Tuesday ]: Phys.org
[ Last Tuesday ]: Ghanaweb.com
[ Last Tuesday ]: Fox 11 News
[ Last Tuesday ]: Forbes
[ Last Tuesday ]: The Messenger
[ Last Tuesday ]: WJZY
[ Last Tuesday ]: Irish Examiner
[ Last Tuesday ]: Cleveland.com
[ Last Tuesday ]: bjpenn
[ Last Tuesday ]: Jerusalem Post
[ Last Tuesday ]: Finbold | Finance in Bold
[ Last Tuesday ]: CoinTelegraph
[ Last Tuesday ]: The Citizen
[ Last Tuesday ]: Fortune
[ Last Tuesday ]: Seeking Alpha
[ Last Tuesday ]: syracuse.com
[ Last Tuesday ]: Reading Eagle, Pa.
[ Last Tuesday ]: CNN
[ Last Tuesday ]: Milwaukee Journal Sentinel
[ Last Tuesday ]: South Bend Tribune
[ Last Tuesday ]: The Scotsman
[ Last Tuesday ]: USA TODAY
[ Last Tuesday ]: moneycontrol.com
[ Last Tuesday ]: Business Today
[ Last Tuesday ]: BBC
[ Last Tuesday ]: rnz
[ Last Tuesday ]: Daily Record
Mon, July 28, 2025
[ Last Monday ]: The Globe and Mail
[ Last Monday ]: AFP
[ Last Monday ]: Reuters
[ Last Monday ]: yahoo.com
[ Last Monday ]: Toronto Star
[ Last Monday ]: The Herald Bulletin, Anderson, Ind.
[ Last Monday ]: SB Nation
[ Last Monday ]: Bill Williamson
[ Last Monday ]: Business Insider
[ Last Monday ]: WSFA
[ Last Monday ]: HousingWire
[ Last Monday ]: The Independent US
[ Last Monday ]: NBC Chicago
[ Last Monday ]: The Independent
[ Last Monday ]: PC Magazine
[ Last Monday ]: The Advocate
[ Last Monday ]: BBC
[ Last Monday ]: The Irish News
[ Last Monday ]: WKBN Youngstown
[ Last Monday ]: Fortune
[ Last Monday ]: reuters.com
[ Last Monday ]: Forbes
[ Last Monday ]: Ghanaweb.com
[ Last Monday ]: Seeking Alpha
[ Last Monday ]: Daily Inter Lake, Kalispell, Mont.
[ Last Monday ]: The Financial Express
[ Last Monday ]: The Motley Fool
[ Last Monday ]: Simply Recipes
[ Last Monday ]: The Scotsman
[ Last Monday ]: The West Australian
[ Last Monday ]: London Evening Standard
[ Last Monday ]: KFDX Wichita Falls
Sun, July 27, 2025
[ Last Sunday ]: FOX 10 Phoenix
[ Last Sunday ]: Utah News Dispatch
[ Last Sunday ]: Ghanaweb.com
[ Last Sunday ]: Seeking Alpha
[ Last Sunday ]: CNN
[ Last Sunday ]: ThePrint
[ Last Sunday ]: Toronto Star
[ Last Sunday ]: The Cult of Calcio
[ Last Sunday ]: Business Today
[ Last Sunday ]: Impacts
[ Last Sunday ]: Cleveland.com
[ Last Sunday ]: Reuters
[ Last Sunday ]: St. Louis Post-Dispatch
[ Last Sunday ]: BBC
[ Last Sunday ]: ESPN
Sat, July 26, 2025
[ Last Saturday ]: PC Magazine
[ Last Saturday ]: Cumberland Times News, Md.
[ Last Saturday ]: Zee Business
[ Last Saturday ]: Fortune
[ Last Saturday ]: This is Money
[ Last Saturday ]: The Financial Express
[ Last Saturday ]: The Jamestown Sun, N.D.
[ Last Saturday ]: Forbes
[ Last Saturday ]: The Honolulu Star-Advertiser
[ Last Saturday ]: Reuters
[ Last Saturday ]: The Globe and Mail
[ Last Saturday ]: inforum
[ Last Saturday ]: Ghanaweb.com
[ Last Saturday ]: NBC 7 San Diego
[ Last Saturday ]: The Straits Times
[ Last Saturday ]: BBC
[ Last Saturday ]: Sky News Australia
[ Last Saturday ]: Channel NewsAsia Singapore
Fri, July 25, 2025
[ Last Friday ]: firstalert4.com
[ Last Friday ]: Detroit Free Press
[ Last Friday ]: CBSSports.com
[ Last Friday ]: WMUR
[ Last Friday ]: Business Insider
[ Last Friday ]: The Daily Caller
[ Last Friday ]: Patch
[ Last Friday ]: CoinTelegraph
[ Last Friday ]: 13abc
[ Last Friday ]: Reuters
[ Last Friday ]: Forbes
[ Last Friday ]: fox6now
[ Last Friday ]: TechRadar
[ Last Friday ]: Daily Record
[ Last Friday ]: CNN
[ Last Friday ]: Sports Illustrated
[ Last Friday ]: Maryland Matters
[ Last Friday ]: London Evening Standard
[ Last Friday ]: reuters.com
[ Last Friday ]: The 74
[ Last Friday ]: Toronto Star
[ Last Friday ]: Washington State Standard
[ Last Friday ]: Finbold | Finance in Bold
[ Last Friday ]: WISH-TV
[ Last Friday ]: Seeking Alpha
[ Last Friday ]: KSTP-TV
[ Last Friday ]: Impacts
[ Last Friday ]: Canary Media
[ Last Friday ]: The Irish News
[ Last Friday ]: Chicago Sun-Times
[ Last Friday ]: NBC Los Angeles
[ Last Friday ]: The Independent
[ Last Friday ]: BBC
[ Last Friday ]: Associated Press
[ Last Friday ]: KTAL Shreveport
Thu, July 24, 2025
[ Last Thursday ]: Louisiana Illuminator
[ Last Thursday ]: Knoxville News Sentinel
[ Last Thursday ]: This is Money
[ Last Thursday ]: The Economist
[ Last Thursday ]: Buffalo News
[ Last Thursday ]: Reuters
[ Last Thursday ]: KUTV
[ Last Thursday ]: The Independent
[ Last Thursday ]: The Globe and Mail
[ Last Thursday ]: TechRadar
[ Last Thursday ]: CBS News
[ Last Thursday ]: legit
[ Last Thursday ]: The Salt Lake Tribune
[ Last Thursday ]: Daily Record
[ Last Thursday ]: Forbes
[ Last Thursday ]: Business Today
[ Last Thursday ]: Grist
[ Last Thursday ]: Toronto Star
[ Last Thursday ]: The Topeka Capital-Journal
Carlyle picks three veterans for newly minted role of co-president
//business-finance.news-articles.net/content/202 .. erans-for-newly-minted-role-of-co-president.html
Published in Business and Finance on Monday, July 28th 2025 at 14:01 GMT by reuters.com🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Investment firm Carlyle announced on Monday it has rejigged its senior leadership ranks and named three of its veterans for its newly created role of co-president.
Carlyle Group Appoints Three Veteran Executives to Newly Created Co-President Roles Starting in 2025
In a significant move to bolster its leadership structure amid ongoing growth and strategic expansion, global investment firm Carlyle Group has announced the appointment of three seasoned executives to the newly minted position of co-president. The decision, revealed on July 28, 2024, underscores Carlyle's efforts to distribute executive responsibilities more broadly as it navigates an increasingly complex private equity landscape. Effective January 1, 2025, John Redett, Mark Simonian, and Brian Bernasek will assume these roles, reporting directly to Chief Executive Officer Harvey Schwartz. This development comes at a time when Carlyle, one of the world's largest alternative asset managers, is seeking to enhance operational efficiency and drive long-term value creation across its diverse portfolio.
John Redett, currently serving as Carlyle's Chief Financial Officer and Head of Corporate Development, brings a wealth of financial expertise and strategic acumen to his new position. Having joined Carlyle in 2007, Redett has played a pivotal role in shaping the firm's financial strategies, overseeing mergers and acquisitions, and managing capital allocation. His background includes a strong focus on risk management and investor relations, which have been instrumental in Carlyle's ability to weather economic downturns and capitalize on market opportunities. As co-president, Redett is expected to continue influencing the firm's financial architecture while taking on broader operational oversight.
Mark Simonian, who heads Global Investment Solutions at Carlyle, is another key figure in this leadership shakeup. Simonian has been with the firm since 2004, rising through the ranks to lead initiatives in secondary investments, co-investments, and other specialized strategies that have expanded Carlyle's footprint in alternative assets. His expertise in building scalable investment platforms has helped Carlyle attract institutional investors and diversify its revenue streams. In his elevated role, Simonian will likely focus on innovation in investment solutions, ensuring that Carlyle remains competitive in a market where customized financial products are increasingly in demand.
Rounding out the trio is Brian Bernasek, co-head of Global Corporate Private Equity. Bernasek joined Carlyle in 2005 and has been a driving force behind some of the firm's most high-profile deals in sectors like technology, healthcare, and consumer goods. His track record includes successful exits and value creation through operational improvements in portfolio companies. As co-president, Bernasek's deep knowledge of private equity deal-making will be crucial in steering Carlyle's core investment activities, particularly as the firm looks to deploy capital in a post-pandemic economy marked by inflation pressures and geopolitical uncertainties.
The creation of these co-president positions represents a deliberate evolution in Carlyle's governance model. According to statements from the company, this structure is designed to foster collaboration among top leaders, allowing for more agile decision-making in a rapidly changing industry. CEO Harvey Schwartz, who took the helm in early 2023 after a distinguished career at Goldman Sachs, emphasized that the appointments reflect Carlyle's commitment to leveraging internal talent to achieve its ambitious goals. "These leaders have been integral to our success and embody the depth of expertise within Carlyle," Schwartz noted in the announcement. "By elevating them to co-presidents, we are positioning the firm for sustained growth and innovation."
This leadership enhancement comes against the backdrop of Carlyle's impressive scale and performance. Founded in 1987 by William Conway, Daniel D'Aniello, and David Rubenstein, Carlyle has grown into a powerhouse with over $400 billion in assets under management as of mid-2024. The firm operates across private equity, credit, real assets, and investment solutions, with a global presence spanning North America, Europe, Asia, and the Middle East. Recent years have seen Carlyle navigate challenges such as the COVID-19 pandemic, which disrupted deal flows, and rising interest rates that have increased borrowing costs for leveraged buyouts. Despite these hurdles, Carlyle reported strong fundraising in 2023, closing several flagship funds and expanding into emerging areas like sustainable investing and infrastructure.
Industry analysts view this move as part of a broader trend among private equity giants to decentralize power and mitigate risks associated with single-point leadership. For instance, competitors like Blackstone and KKR have similarly restructured their executive teams in recent years to accommodate growth and succession planning. At Carlyle, the co-president model could help address past criticisms regarding succession, especially following the retirement of co-founders and the transition to Schwartz's leadership. By distributing responsibilities, Carlyle aims to enhance accountability and ensure that strategic priorities—such as digital transformation, ESG (environmental, social, and governance) integration, and geographic expansion—are pursued with vigor.
Delving deeper into the implications, the appointments signal Carlyle's confidence in its internal pipeline of talent. All three executives are long-term insiders, which contrasts with Schwartz's external hire and suggests a blend of fresh perspectives with institutional knowledge. This hybrid approach could prove advantageous in tackling current market dynamics. For example, private equity firms are facing intensified scrutiny from regulators on issues like antitrust concerns and fee transparency, areas where Redett's financial oversight could be particularly valuable. Meanwhile, Simonian's focus on investment solutions aligns with the growing demand for alternatives amid volatile public markets, where traditional stocks and bonds have underperformed in recent quarters.
Bernasek's role in corporate private equity is especially timely, as Carlyle continues to pursue large-scale transactions. Recent deals, such as the acquisition of a stake in a major energy company or investments in tech startups, highlight the firm's appetite for transformative investments. With global M&A activity rebounding in 2024 after a sluggish 2023, Bernasek's expertise could accelerate Carlyle's deal pipeline, potentially leading to higher returns for limited partners.
From a cultural standpoint, these promotions reinforce Carlyle's emphasis on meritocracy and long-term commitment. The firm has historically prided itself on retaining top talent through competitive compensation and career progression opportunities. However, the private equity industry as a whole grapples with talent retention amid burnout and competition from tech and venture capital sectors. By creating high-profile roles like co-president, Carlyle not only rewards loyalty but also sets a precedent for aspiring leaders within the organization.
Looking ahead, the success of this new structure will be measured by Carlyle's ability to deliver on key metrics: fundraising totals, investment performance, and shareholder returns. As a publicly traded company (NASDAQ: CG), Carlyle must balance the expectations of public investors with the long-term horizons typical of private equity. Shares have shown resilience, trading at around $45 per share in late July 2024, up from lows during the 2022 market downturn. Analysts project continued growth, driven by fee-related earnings and performance fees from successful exits.
Broader economic factors will also play a role. With central banks signaling potential rate cuts, borrowing conditions could improve, facilitating more leveraged deals. Conversely, geopolitical tensions, such as those in Ukraine or the Middle East, could introduce volatility. Carlyle's diversified portfolio—spanning buyouts, growth equity, real estate, and credit—positions it well to mitigate risks, but effective leadership will be key to capitalizing on opportunities.
In summary, Carlyle's decision to appoint John Redett, Mark Simonian, and Brian Bernasek as co-presidents marks a proactive step toward strengthening its executive bench. This move not only leverages the trio's extensive experience but also aligns with the firm's strategic imperatives in a competitive and evolving industry. As Carlyle enters 2025 under this enhanced leadership framework, stakeholders will watch closely to see how it translates into tangible results, potentially setting a model for other firms in the alternative assets space. With a legacy of innovation and adaptability, Carlyle appears poised to continue its trajectory as a leader in global investments, adapting to new challenges while building on its foundational strengths. (Word count: 1,028)
Read the Full reuters.com Article at:
[ https://www.reuters.com/business/carlyle-picks-three-veterans-newly-minted-role-co-president-2025-07-28/ ]