The Return of Goldman’s Mark Schwartz –

The Return of Goldman’s Mark Schwartz –

Nader Nazemi

Mark Schwartz, right, with Henry M. Paulson Jr., then chief executive of Goldman Sachs, with Kazuo Inamori, left, and Kensuke Ito of Kyocera at the January 2000 announcement of the Kyocera Goldman Sachs Venture Fund.

Mark Schwartz, hired this week to lead the Asia-Pacific operations at Goldman Sachs, has one of the more interesting résumés of the bank’s recent hires.

The banker left Goldman in 2002 and landed at Soros Fund Management, a company controlled by the hedge fund billionaire George Soros. Mr. Schwartz went on to serve as president and chief executive from 2003 to 2004.

In 2006, Mr. Schwartz formed an investment firm with a handful of investors, including Raj Rajaratnam and Rajat K. Gupta, two prominent figures who have since been ensnared in insider trading cases.

The firm was called Taj Capital and was later renamed New Silk Route.

The travails of both Mr. Rajaratnam and Mr. Gupta have riveted Wall Street for some time. Mr. Rajaratnam, a billionaire investor, once ran the Galleon Group, which became one of the world’s biggest hedge funds. Mr. Rajaratnam was convicted of insider trading last year and was sentenced to 11 years in prison. Mr. Gupta, once a Goldman director, is charged with leaking information about the bank to Mr. Rajaratnam, including details about the firm’s 2008 financial crisis investment from billionaire investorWarren E. Buffett. Mr. Gupta is on trial in Federal District Court in Manhattan. Mr. Schwartz’s name came up in both trials, but only in the context of being among the founding partners of New Silk Route.

Mr. Schwartz’s connection to Mr. Rajaratnam and Mr. Gupta was short lived, and didn’t rank a mention on Monday in the firm’s announcement about his hiring. Mr. Schwartz left New Silk Route in 2006 to start another company, MissionPoint Capital Partners, a green energy investment firm that he also helped start.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s