The Carlyle Group has hired the former global head of campus recruiting and diversity recruiting at Goldman Sachs to be a managing director of human capital management.
In his new position Omer Tanvir will focus on the operational and tech side of talent management, rather than recruiting. Still, his knowledge of campus recruiting methods could come in handy.
His hiring comes as some large PE firms move away from the controversial practice known as on-cycle recruiting, whereby they recruit investment banking analysts up to two years in advance of starting. Both Apollo Global Management and General Atlantic stopped on-cycle recruiting this year, according to the Financial Times.
Were on-cycle recruiting to collapse, large PE firms might respond by hiring more junior professionals directly out of college. We were unable to reach Tanvir to learn more about his new position. Executives at Goldman Sachs were also unavailable.
Bona Fides: Tanvir worked at Goldman Sachs for more than 20 years, and since 2018 his title has included the phrase “campus recruiting.” Tanvir held two summer internships at Goldman Sachs—in risk division and controllers engineering—before joining the firm full-time in 2005 as an analyst for its fixed income, currency and commodities product control team. Goldman Sachs employs more than 46,000 people, and its asset management business has more than $2 trillion under supervision. It was also not immediately clear if Tanvir’s role at Carlyle Group is a newly created position. Carlyle Group, which managed about $465 billion in assets at the end of June, employs more than 2,300 professionals.
On-Cycle Recruiting Under Fire: JPMorganChase Chief Executive Officer Jamie Dimon last year spoke out against on-cycle recruiting. Dimon said that on-cycle practice raises potential conflicts of interest because junior bankers are working with confidential information.
Industry Response: At least two other big PE firms seem well positioned to do more campus recruiting. Apollo Global Management hired Kristen Gogel this summer to serve as director of U.S. campus recruiting. Gogel previously worked as head of engineering campus recruiting at financial and data sciences firm Two Sigma. Meantime, Annie Boig McMullen serves as a principal and head of campus recruiting for KKR, where she started in 2021. McMullen previously served as a vice president at Goldman Sachs and led campus recruiting efforts for the global investment research division.