Former Bear Stearns CEO Alan Schwartz is weighing a number of options as he prepares to leave JPMorgan Chase, including joining one of two well-heeled private equity firms or a pair of investment banks, according to a report last week in the New York Post.
Among the suitors are Warburg Pincus, Kohlberg Kravis Roberts & Co. and investment banks Citigroup Inc. and Goldman Sachs Group Inc.
Launching a startup may also be in the cards for Schwartz, and there are reports that the ex-Bear Stearns chief may opt to join an advisory firm, such as Centerview Partners or Evercore Partners, the Post said.
Schwartz is expected to depart with former Bear Stearns executive Richard Metrick. The paper said a key issue for Schwartz, 57, is ensuring that any new post he gets includes a place for Metrick, who is in his mid-60s.
Metrick, who formerly was a Bear Stearns senior managing director, is one of Schwartz’s more trusted confidants and has worked with him on a number of deals, the Post said, citing people familiar with the matter.
Neither Goldman Sachs nor Citigroup could be immediately reached for a comment. —Reuters