Olivier Sarkozy Explained

Olivier Sarkozy
Birth Name:Pierre Olivier Sarkozy
Birth Date:1969 5, df=yes
Birth Place:Paris, France
Occupation:Banker
Spouse:
    Alma Mater:University of St. Andrews
    Children:2
    Relatives:Guillaume Sarkozy
    (paternal half-brother)
    Nicolas Sarkozy
    (paternal half-brother)
    Jean Sarkozy
    (nephew)

    Pierre Olivier Sarközy de Nagy-Bocsa[1] (born 26 May 1969)[2] is a French banker based in the United States. His half-brother is Nicolas Sarkozy, the former President of France.

    Early life

    Sarkozy was born to Pál István Ernő Sárközy de Nagy-Bócsa, a nobleman of Hungarian descent, and Christine de Ganay, who was herself of French descent. His father was previously married and had three children with his first wife, including Nicolas,[3] whom Sarkozy met weekly during his early childhood. De Ganay divorced Pal Sarkozy, and then married an American diplomat, when Sarkozy was 7. He spent the rest of his childhood and adolescence outside France, living in Zambia, Egypt, and a boarding school in the UK. Sarkozy later studied at the University of St Andrews, where he earned an M.A. in medieval history.[4]

    Career

    In 1990, Sarkozy was hired by the American investment bank Dillon, Read & Co. He left three years later to join Credit Suisse First Boston, where he held several senior posts, including Managing Director in the Financial Institutions Group.[5]

    While at CSFB, Sarkozy advised Wachovia in its merger of equals with First Union and concurrent defense against a competing hostile proposal from Suntrust; Dime Bancorp in its merger with Washington Mutual; CoreStates Financial in its sale to First Union; and Wells Fargo in its merger with Norwest Corporation and acquisition of First Interstate, among others.[4]

    In January 2003, he joined UBS Investment Bank, where he was Global Co-Head of the Financial Institutions Group. At UBS, he worked on such transactions as Sallie Mae's attempt to go private and subsequent recapitalization; ABN Amro's $21 billion sale of LaSalle Bank to Bank of America; Mellon's $17 billion merger of equals with the Bank of New York; Charles Schwab's sale of U.S. Trust to Bank of America; MBNA's $36 billion sale to Bank of America; Wachovia's $14 billion acquisition of Southtrust; National Commerce's $7 billion sale to Suntrust; and Regions Financial's $6 billion merger of equals with Union Planters.

    Sarkozy was responsible for CIBC's $2.9 billion recapitalization and Sallie Mae's $3.0 billion recapitalization. He also acted as lead advisor in a number of other notable transactions, including Dime Bancorp's private placement of preferred and other equity securities to Warburg Pincus (as part of its successful defense against a hostile tender offer from North Fork) and the recapitalization of Glendale Federal Bank, representing the then-largest recapitalization in history. On 3 March 2008, he was appointed Co-head and Managing Director of the Carlyle Group's Global Financial Services Group.[5] He resigned from that position in May 2016. Based in New York City, Sarkozy is a member of the Board of Directors of BankUnited.[5]

    Personal life

    In the 1990s, Sarkozy married Charlotte Bernard, a freelance fashion writer and author of children's books, who grew up in Paris. They were married by his half-brother, Nicolas, who was then mayor of Neuilly-sur-Seine. They have two children.[6] Sarkozy and Bernard were married for 14 years before separating in 2010, with their divorce being finalized the following year.[7]

    In May 2012, Sarkozy began a relationship with fashion designer and former child actress Mary-Kate Olsen. The two were married on 27 November 2015, at a private residence in New York City.[8] On 17 April 2020, Olsen filed for divorce from Sarkozy. On 13 May she filed an emergency order to proceed despite delays due to the COVID-19 pandemic,[9] [10] but it was denied a day later. On 25 January 2021, the divorce was finalized.[11]

    Notes and References

    1. Web site: Executive Profile: Pierre Olivier Sarkozy . Bloomberg Business. October 28, 2015 . October 28, 2015. https://web.archive.org/web/20151028195543/http://www.bloomberg.com/research/stocks/private/person.asp?personId=1586016&privcapId=23333 . dead.
    2. Web site: Carlyle's Financial Services Head Sarkozy Is Said to Resign. Devin. Banerjee. Kiel . Porter. Simone . Meier. May 26, 2016. March 9, 2017. Bloomberg Business. May 26, 2016. https://web.archive.org/web/20160526181108/http://www.bloomberg.com/news/articles/2016-05-26/carlyle-financial-services-head-sarkozy-said-to-resign-from-firm. live. Sarkozy, who turned 47 on Thursday [May 29, 2016]....
    3. News: The New French President's Roots Are Worth Remembering . May 15, 2007 . September 28, 2008 . The New York Times . Serge . Schmemann. July 23, 2016. https://web.archive.org/web/20160723115200/http://www.nytimes.com/2007/05/15/opinion/15tue4.html. live.
    4. News: Parmy. Olson. The Other Sarkozy: Big Apple Dealmaker. Forbes. May 9, 2007. April 19, 2008. April 27, 2015. https://web.archive.org/web/20150427061552/http://www.forbes.com/2007/05/09/oliver-sarkozy-ubs-face-markets-cx_po_0507autofacescan03.html . live.
    5. News: The Carlyle Group Names Olivier Sarkozy Co-head of Global Financial Services Group. The Carlyle Group. March 3, 2008. April 19, 2008. https://web.archive.org/web/20080512022645/http://www.carlyle.com/Media%20Room/News%20Archive/2008/item10274.html. May 12, 2008.
    6. News: Lloyd. Grove. Expatriate Games. New York. November 12, 2007. April 19, 2008. https://web.archive.org/web/20121008174526/http://nymag.com/news/intelligencer/40677/ . October 8, 2012. live.
    7. News: Mary-Kate Olsen bonds with boyfriend Olivier Sarkozy's young daughter during shopping trip. Rachel. Maresca . . New York City . August 16, 2013. October 28, 2015 . February 18, 2015 . https://web.archive.org/web/20150218042852/http://www.nydailynews.com/entertainment/gossip/mary-kate-olsen-bonds-boyfriend-olivier-sarkozy-daughter-article-1.1428963 . live.
    8. Web site: Mary-Kate Olsen had 'bowls of cigarettes' for guests at wedding . Bender . Kelli . People . November 29, 2015 . May 14, 2020. November 29, 2015 . https://web.archive.org/web/20151129161544/http://www.people.com/article/mary-kate-olsen-olivier-sarkozy-married . live.
    9. Web site: Mary-Kate Olsen Seeks Emergency Divorce From Olivier Sarkozy: 5 Things to Know About the French Banker . Us Weekly . Jackson . Dory . May 13, 2020 . May 14, 2020.
    10. Mary-Kate Olsen's Divorce Filing Reportedly Involves an Emergency Court Order . Vanderhoof . Erin . May 13, 2020 . Vanity Fair. May 14, 2020 .
    11. Web site: Mary-Kate Olsen and Olivier Sarkozy Finalize Their Divorce 9 Months After Separating. Us Weekly. A360 Media LLC. Mackie. Johnni. January 25, 2021. February 12, 2021.