Mr. Paumgarten is Founder of Corsair and serves as a member of the Buyouts Investment Committee. He is based in New York.

Prior to spinning off Corsair as an independent business in 2006, Mr. Paumgarten was a Managing Director at J.P. Morgan Chase & Co. and its predecessor companies, J.P. Morgan & Co., which he joined in 1992 to raise Corsair I. While at J.P. Morgan Chase & Co., Mr. Paumgarten served as Chairman of Corsair I and Corsair II. From 1994 to 1999, he also held a number of senior management positions in the Investment Banking Department of J.P. Morgan Chase & Co., including Co-Head of the Financial Institutions group and Co-Head of the Mergers and Acquisitions group for the Americas. Previously, he headed Credit Suisse First Boston’s Financial Institutions group.

As an investment banker in the financial services sector for over 30 years, Mr. Paumgarten was an early proponent of consolidation in the industry and has participated in numerous landmark transactions including the sale of Barnett Banks to Nationsbank, the spin-off of Capital One from Signet Bank and the sale of First Security to Wells Fargo.

Mr. Paumgarten holds a B.A. in History from the University of Pennsylvania, where he is Chairman of Friends of Pennsylvania Rowing, and an M.B.A. from Columbia University. Mr. Paumgarten is a director of Corsair portfolio company Jackson Hewitt Tax Service Inc.