US private equity firm Carlyle has made 33 promotions across its global organisation, including seven to managing director.
The group of new managing directors includes three of the firm’s buy-out team, Stephen Wise, Alex Ying and Anand Balasubrahmanyan.
Stephen Wise focuses on US buy-out investments in the healthcare sector and operates out of the firm’s New York office. Healthcare was also the focus of his previous role at New York private equity fund JLL Partners.
Based in Singapore, Balasubrahmanyan is focused on generalist buy-out opportunities in the Southeast Asia markets, particularly Singapore, Indonesia, Malaysia, Thailand, the Philippines and Vietnam. Prior to joining Carlyle, he spent over ten years as an investment banker at Morgan Stanley and DLJ.
Alex Ying is based in Hong Kong and will serve as a managing director for Carlyle Asia. Prior to that, he worked as a member of Carlyle’s US real estate group, where he was involved in over $1bn of operations. Before joining Carlyle, he served as an investment banker with CIBC Oppenheimer, where he focused on a variety of industries including healthcare and telecoms.
Other managing director-level promotions include Pam Bentley, corporate accounting , Washington; Oussama Daher, European real estate, London; Shary Moalemzadeh, global distressed and corporate opportunities, New York.
Earlier this week, Carlyle signed a memorandum of understanding with Beijing to launch a yuan-denominated fund there, increasing its exposure to the Chinese market.
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