Hellman & Friedman LLC, a leading San Francisco based private equity firm, announced today that Jeffrey Goldstein, most recently Managing Director, Chief Financial Officer, and a Member of the Management Committee of the World Bank, has joined the Firm as a Managing Director. Mr. Goldstein brings over twenty years of experience in financial services to his new position.
"Jeffrey has an extraordinary level of experience working with many of the largest financial institutions and industrial corporations in the world and has an unmatched understanding of the financial markets. His stellar reputation in public service and the business world is well deserved," said Brian M. Powers, Chief Executive Officer of Hellman & Friedman. "I have known Jeffrey for 20 years and am confident he will immediately contribute to our continued success.”
"Hellman & Friedman is distinctive among private equity firms in its investment approach and track record. I share the Firm's focused and disciplined investment philosophy," said Mr. Goldstein. "I have known Brian and several of the Partners for many years and am excited to be joining this extraordinary investment team.”
James D. Wolfensohn, President of the World Bank Group, commented “In his capacity as Managing Director over the past five years, Jeffrey has made a major contribution to the work of the World Bank, fulfilling his responsibilities with distinction and with our great appreciation. While we are sorry to see him go, I also know he will stay engaged in the work of development to which he has always been deeply committed.”
From 1999 through October 2004, Mr. Goldstein was a Managing Director and a Member of the World Bank Management Committee. As Managing Director and Chief Financial Officer of the World Bank, he was responsible for the management of the institution’s internal and external financing affairs, including oversight of the Bank’s strategy to align its financial resources with its strategic priorities and its work with client governments to strengthen financial and capital markets.
Prior to his tenure at the World Bank, Mr. Goldstein was Co-Chairman of BT Wolfensohn and a member of the Bankers Trust Company Management Committee. He began his 15 years at Wolfensohn as one of its early partners, during which time he worked closely with Brian Powers and Patrick Healy, who heads Hellman & Friedman’s London office. Earlier in his career, Mr. Goldstein taught economics at Princeton University and worked at the Brookings Institution. He received his Ph.D, M.Phil, and M.A. in economics from Yale University and his B.A. from Vassar College.
In addition, Jeffrey Goldstein has a distinguished record in public service. He serves as a Member of the Board of Trustees and Investment Committee of Vassar College, Trustee and past President of Big Brothers/Big Sisters of New York City, Trustee of the German Marshall Fund of the United States, and Member of the Council on Foreign Relations.
Mr. Goldstein is based out of Hellman & Friedman’s New York office. He joins Managing Directors Frank Zarb and Allen Thorpe in the leadership of the office, working closely with Hellman & Friedman’s teams in San Francisco and London and operating as one unified firm.
About Hellman & Friedman LLC
Hellman & Friedman LLC is a San Francisco-based private equity investment firm with additional offices in New York City and London. Since its founding in 1984, the Firm has raised and managed over $8 billion of committed capital and invested in approximately 50 companies. The Firm’s strategy is to invest in superior business franchises and to be a value-added partner to management in select industries including media, financial services, professional services, and information services. Representative investments include Axel Springer AG (ASV GR), ProSieben Sat.1 AG (PSM GR), Formula One Holdings, Ltd, Arch Capital Group Limited (ACGL), the NASDAQ Stock Market, Inc. (NDAQ), Mondrian Investment Partners, Blackbaud, Inc., Young & Rubicam, Inc., Eller Media Company, Inc., and others. For more information on Hellman & Friedman, visit www.hf.com.