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The Carlyle Group Names Former Jefferies CFO Joseph Schenk Operating Executive For Global Financial Services Group

Global alternative asset manager The Carlyle Group today announced that Joseph A. Schenk, former Jefferies Group Inc. Chief Financial Officer and most recently Chief Executive Officer of First New York Securities LLC, has joined the firm in a consulting role as an Operating Executive in the Global Financial Services Group.

As an Operating Executive, Mr. Schenk will provide strategic guidance to Carlyle professionals throughout the investment process, from sourcing to acquisition to exit, and advise portfolio company executives on management, operational and growth strategies. He joins a group of 27 senior business leaders – with an average of 40 years of experience – who serve as Carlyle Operating Executives across a range of industries.

Olivier Sarkozy, Carlyle Managing Director and Head of the Global Financial Services Group, said, “Joe Schenk is a seasoned financial services executive with deep operational experience in capital markets and we are pleased to welcome him to our team. We look forward to working with him to create value through our new and existing investments.”

Mr. Schenk said, “I am eager to assist Olivier and his investment team at a time of great opportunity in the global financial services sector. I am impressed by the portfolio of investments they have compiled over the past four years and I look forward to being helping the team to create value.”

Established in 2007, the Carlyle Global Financial Services Group invests in management buyouts, growth capital opportunities and strategic minority investments in the global financial services sector. Current investments include: BankUnited, the largest banking institution in Florida; Boston Private, a national financial services organization; Bank of Butterfield, Bermuda’s largest independent bank and OzForex, an online foreign exchange payments platform.

Before becoming CEO of First New York Securities, a multi-strategy trading firm. Mr. Schenk was CEO of Pali Capital, Inc., a boutique investment banking firm that offered financial advisory and brokerage services. He came to Pali Capital from Jefferies, a global investment banking firm, where he held a number of management and leadership positions over a 15-year period, including Executive Vice President and CFO. He began his career in Price Waterhouse Capital Markets division.

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