Class of 1990
efforts. The Carlyle Group is a private
equity firm with global influence that currently
manages about $45 billion of capital.
The term “private equity” means that the company
venture capital, real estate, high yield debt and buyouts around the
world. Ian is in charge of buyouts of
companies in the federal and commercial information technology and business
services areas. When a company is
involved in a buyout with the Carlyle Group, their expertise
in running a business and in providing additional funds help s
the company grow. Although he works with
huge sums of money, which makes his job very interesting and challenging, Ian
says his job is not glamorous.
Ian began working with the Carlyle Group when it was still a
with fewer than 100 employees and only 2% of its present capital with one office based in Washington, D.C. He helped the company establish their Asian
buyout efforts, Carlyle Asia Partners, and spent two years, from 1999 to 2001,
in Hong Kong. While there, he worked in
China, South Korea, the Philippines, Thailand and Taiwan. His major effort was closing an investment
in a South Korean commercial bank, KorAm, with approximately $450 million in
equity. This was the largest equity
commitment for the company at that time and very successful, when the company
sold it for a profit to CitiGroup.
Ian graduated from the Wharton School of Business in 1994
with a degree in economics
a concentration in finance. He began
his career with an internship with
an investment bank called Donaldson, Lufkin and Jenrette. After graduation, he spent three years with
the firm learning corporate finance and investment banking projects such
initial public offerings, new debt issuances, merger and acquisition work and
restructuring , but also principal investments in
private equity funding. These
experiences led him to his association with the Carlyle Group ,
through which he has met former president, George Bush and several Prime
Balancing work and home is Ian’s biggest challenge.
children are ages
three and four and his work schedule
often mean travel and long hours. He said that when he first began working, he
regularly worked over 100 hours a week.
Now that he is more settled, his hours are at a much more manageable level.
Ian graduated from Waiakea High School in 1990 and chose to
go to school on the East Coast
over school s
California because of the challenge of going father away. Although his freshmen year at the University
of Pennsylvania was a real wake up call, he says the academic foundation that
he got at Waiakea allowed him to graduate with honors. His parents’ businesses taught him early
about the importance of hard work, from scraping gum off the parking lot to
annual budget meetings. is advice to students wanting to work in corporate finance is to
take care of the basics. Get good
grades, work experience and technical skills and doors will open for you. His company hires only the top graduates,
whether in two-year or four-year programs.
Graduates have at least four years of work experience. Next, find a role model who will help you
determine if a job fits you. Do you
like the work? Do you like the people
you work with? Can you make a
difference? Are you willing to make
personal sacrifices to succeed?
Hustle. Be prepared to work long
hours to learn the job, not for the pay, but for the experience and knowledge
you’ll gain. Finally, don’t be afraid
to take chances and aim high!