Randy Quarles
Managing Director
The Carlyle Group
Randy Quarles is a Managing Director and is focused on transactions in the global financial services sector. Prior to joining Carlyle in 2007, Mr. Quarles was Under Secretary of the Treasury. As Under Secretary, Mr. Quarles led the Treasury's activities in financial sector and capital markets policy (including coordination of the President's Working Group on Financial Markets), fiscal policy and operations, and government assets and liabilities (including management of the government debt). Before serving as Under Secretary, Quarles served as Assistant Secretary of the Treasury for International Affairs from 2002 – 2005 and as U.S. Executive Director of the International Monetary Fund from 2001 – 2002. In those capacities, Mr. Quarles had a leading role in issues ranging from the Argentine debt default to policy on the Chinese currency. In addition, Mr. Quarles was the policy chair of the Committee on Foreign Investment in the United States, which reviews potential investments that raise national security issues, and negotiated the debt relief agreement for the world's poorest countries reached at the G7 meetings in London in 2005.
Before entering the Bush Administration, Mr. Quarles was a partner with the law firm of Davis Polk & Wardwell, working in both the New York and London offices, where he was co-head of the firm's financial institutions practice and advised on transactions that included a number of the largest financial sector mergers ever completed.
Mr. Quarles received an A.B. summa cum laude in philosophy and economics from Columbia in 1981 and a J.D. from the Yale Law School in 1984.