Ex-Goldman co-CEO hired by TPG Capital

TPG Capital

TPG Capital hired former Goldman Sachs executive Jon Winkelried as co-chief executive officer to expand the firm’s offerings as it contemplates going public.

Bloomberg News reports that Winkelried, 56, will be co-CEO alongside Jim Coulter and focus on diversifying TPG’s lines of business, the two executives said in a telephone interview Wednesday. David Bonderman, who founded TPG with Coulter in 1992, became chairman last year.

'Jon brings a very important set of skills to TPG', Coulter said in the interview. 'As the industry has matured it has taken on a dual mission: we have to invest with extraordinary returns but also operate ourselves with a high level of managerial talent'.

The hire allows TPG, which has its main offices in San Francisco and Fort Worth, Texas, to keep a co-CEO structure after Bonderman, 72, took on the chairman role. 

TPG Appoints Ex-Goldman Sachs Executive Winkelried as Co-CEO

Barclays Third-Quarter Profit Misses Estimates, Cuts 2016 Target

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts