Anand Balasubrahmanyan will be responsible for the Malaysian bank’s private equity products according to Reuters, which said the firm is expanding its investment banking business after buying Asian operations from the Royal Bank of Scotland.
CIMB has added a private equity page to its website, but it currently contains no information.
Carlyle is still searching for its first Asia-based investment, most recently being linked with a minority stake in WNS Holdings, the Mumbai-based business process outsourcing (BPO) company backed by private equity heavyweight Warburg Pincus.
Warburg Pincus is understood to have initiated fresh talks to sell a 29 per cent stake in the New York-listed BPO business after shelving a planned sale in 2009.
The firm is also said to be eyeing the purchase of a 25 per cent stake in Indonesian telecom tower operator Solusi Tunas Pratama.
The firm is hoping to pick up the share in the publically-traded company for about $100m.
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