TWG Global Names Goldman Veteran David Markowitz as Chief Legal Officer During Federal Insurance Probe

TWG Global, the diversified holding company controlled by Los Angeles Dodgers chairman Mark Walter, announced the appointment of former Goldman Sachs lawyer David Markowitz as its chief legal officer. The hiring comes as federal investigators examine how two insurers within Walter’s empire classified loans to companies he controls. Markowitz is known for leading the Goldman team that negotiated multi-billion-dollar settlements in the 1MDB corruption scandal, which involved alleged Foreign Corrupt Practices Act violations.

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TWG Global’s portfolio spans financial services, insurance, artificial intelligence, technology, sports and media. The federal probe focuses on loan-classification practices at two insurers owned by Walter, raising questions about compliance with U.S. banking regulations. The move follows Walter’s recent decision, announced in late March, to sell his controlling stake in the Los Angeles Lakers to Joshua Kushner and Bob Iger in a transaction valued at $12.5 billion.

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He emphasized that he has not been charged in the insurance investigation and that the new hire is intended to bolster TWG’s compliance capabilities amid the ongoing probe.

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• $12.5 billion – valuation of the Lakers sale to Kushner and Iger.

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• No charges have been filed against Mark Walter regarding the insurance inquiry.

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• The investigation concerns loan-classification methods used by two insurers tied to TWG’s broader business empire.

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• “We are pleased to welcome David to TWG Global,” — Mark Walter, angeles dodgers chairman

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• “His deep legal experience and proven leadership will be invaluable as we continue to strengthen the legal framework that supports our growth and allows us to execute on our long-term strategic priorities,” — Mark Walter, angeles dodgers chairman

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