Legends Live @Citi
Watch Full Video Audio Description
Citi Vice Chair of Client and Banking Leon Kalvaria hosted David Rubenstein for the inaugural session of our global speaker series, Legends Live @Citi.
David is co-founder and co-chairman of The Carlyle Group; principal owner of the U.S. Major League Baseball team the Baltimore Orioles; author of numerous books about leadership, investing and American history; as well as a television host.
Leon and David spoke about a wide range of topics, starting with Carlyle’s longstanding relationship with Citi, which goes back to the financing of the group’s first buyouts. David also shared his experience growing up as an only child in a blue-collar home in Baltimore, his approach to “patriotic philanthropy” and how he hopes to inspire his hometown by investing in the Orioles.
Leon Kalvaria, Vice Chair, Client and Banking, Citi
Leon Kalvaria is a member of the Client Organization Management Committee, and Citi’s Private Equity Investment Oversight Committee. Previously, Leon was Chairman of Citi’s Institutional Clients Group. Before that, he was Global Head of Consumer and Healthcare Investment Banking.
Leon joined Schroders in 1996 as Global Head of Consumer Banking, and Citigroup in 2000 following the merger of the two companies.
Prior to Schroders, Leon served as Vice Chairman and a Director of Triarc Companies, an investment company, and as Managing Director in the Mergers & Acquisitions Group at Credit Suisse First Boston. Leon was also a pioneer in the interest rate swap market at First Boston and a founding member of ISDA.
Leon has advised numerous Chief Executive Officers and Boards of Directors in some of the largest and most complex global mergers and acquisitions, recapitalizations and public offerings.
Leon received his BA from Princeton University (Woodrow Wilson School of Public and International Affairs) and is a member of the Council on Foreign Relations, and Heineken Family Council.
David Rubenstein, Co-founder and Co-chairman, The Carlyle Group
David Rubenstein is Co-Founder and Co-Chairman of Carlyle. Previously, he served as Co-Chief Executive Officer of Carlyle.
Mr. Rubenstein is a Baltimore native and is the Chairman, CEO, and principal owner of Major League Baseball’s Baltimore Orioles.
Prior to forming Carlyle in 1987, Mr. Rubenstein practiced law in Washington, D.C. with Shaw, Pittman, Potts & Trowbridge LLP (now Pillsbury Winthrop Shaw Pittman LLP). From 1977 to 1981, Mr. Rubenstein was Deputy Assistant to the President for Domestic Policy. From 1975 to 1976, he served as Chief Counsel to the U.S. Senate Judiciary Committee’s Subcommittee on Constitutional Amendments. From 1973 to 1975, Mr. Rubenstein practiced law in New York with Paul, Weiss, Rifkind, Wharton & Garrison LLP.
Among other philanthropic endeavors, Mr. Rubenstein is Chairman of the Boards of the Council on Foreign Relations, the National Gallery of Art, the Economic Club of Washington, and the University of Chicago; a Trustee of Memorial Sloan-Kettering Cancer Center, Johns Hopkins Medicine, the Institute for Advanced Study, the Brookings Institution, and the World Economic Forum; and a Director of Moderna, Inc. and the American Academy of Arts and Sciences. Mr. Rubenstein is a member of the American Philosophical Society, Business Council, Harvard Global Advisory Council, Madison Council of the Library of Congress, Board of Dean’s Advisors of the Business School at Harvard, Advisory Board of the School of Economics and Management at Tsinghua University, and Board of the World Economic Forum Global Shapers Community.
Mr. Rubenstein is a magna cum laude graduate of Duke University, where he was elected Phi Beta Kappa. Following Duke, Mr. Rubenstein graduated from the University of Chicago Law School, where he was an editor of the Law Review.
