Carlyle Group plans to name investment-banking veteran Harvey Schwartz as its new chief executive, according to people familiar with the matter, as the private-equity firm’s founders seek a fresh start after a botched succession plan.

Carlyle is expected to unveil the appointment of Schwartz on 6 February, who most recently served as co-president of Goldman Sachs, the people said. He spent more than two decades at the bank, building and leading various businesses.