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Bowles named – Was White House chief

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Investment banker Erskine Bowles, former chief of staff for President Clinton, has been named a trustee of the Duke Endowment in Charlotte.

“Erskine Bowles is an insightful business leader and dedicated public servant with a deep understanding of issues important to the Carolinas and a strong feeling of compassion for people,” trustee chairman Mary D.B.T. Semans said in a statement.

Bowles is managing director and general partner for Carousel Capital, a Charlotte-based merchant bank he co-founded in 1996, and general partner for Forstmann Little, a New York private equity firm.

He also is chairman of Intelisys Electronic Commerce, an e-commerce company.

Bowles, a 1967 graduate of the University of North Carolina at Chapel Hill, is chairman of the N.C. Rural Prosperity Task Force, named by Gov. Jim Hunt to find ways to boost the economy of the state’s rural areas.

He considered running for governor this year and was considered last year for the job of chancellor at UNC-CH.

Before serving as White House chief of staff, Bowles was assistant to the president and deputy chief of staff, and before that headed the U.S. Small Business Administration.

With roughly $2 billion in assets, the foundation is the largest in North Carolina.

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