The Carlyle Group has recruited David Marchick to a newly created role as a managing director and global head of regulatory affairs.
Marchick comes to Carlyle from Covington & Burling, where he has been a partner advising US and other companies on regulatory and strategic issues. Marchick will be based in Washington DC and will begin his duties on October 22.
In his newly created position, which reports to Carlyle’s founders, Marchick will provide government affairs, regulatory and strategic advice and assistance to Carlyle’s fund managers on a global basis. He will focus on issues relating to the private equity sector globally as well as regulatory and government-related issues that arise for
Carlyle co-founder David Rubenstein said: “As transactions get larger and our business expands globally, so does the complexity of the issues. Actively engaging policymakers and other stakeholders is more critical than ever to our business. David’s in-house experience, judgment and relationships give Carlyle a competitive edge that will help maximise returns for our investors.”
Marchick said: “I look forward to helping create value for Carlyle’s investors through the development of effective regulatory and government focused strategies in the United States and abroad.”
At Covington & Burling, Marchick led a team of lawyers that advises US and foreign companies on regulatory and strategic issues they face in the US and overseas and has served as vice-chair of Covington’s international practice group and co-chair of the firm’s national security practice group.
He has advised on a number of significant recent foreign acquisitions of US companies, including those made by companies from China (IBM-Lenovo), Russia (Evraz-Oregon Steel), Saudi Arabia (Sabic-GE Plastics) and the UAE (DAE-Landmark/Standard Aero), as well as acquisitions by BAE, BT and US private equity firms.