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Carlyle poaches Lloyds investment banker for new EMEA team

19 Mar 2012

Carlyle Group is believed to have hired a senior Lloyds banker for its financial services arm in a move which could herald a series of private equity raids on banking assets.

Institutions are under pressure to rid themselves of the more risky ‘casino arm’ sections of their businesses in the wake of the financial crisis.

Alexander Pietruska will join Carlyle to set up a Europe, Middle East and Africa team, according to a report in the Financial Times.

The group was among a string of firms who recently announced they would be targeting European bank assets as the institutions look to shed elements amid increasing stringent regulations being introduced.

Carlyle, which is due to go public later this year, recently offered clients considering investing in its latest fund the chance to exit early to counter fears of illiquidity.

It also hopes to ease fundraising for Carlyle Partners VI, which is targeting $10bn of investment, by offering a sweetener to clients who stump up more than $500m in the form of a discounted 1.1 per cent management fee on committed capital.

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