Carlyle Establishes New Investment Group

Jun 21 2007 | 9:33am ET

Global private equity firm The Carlyle Group today has established a new financial institutions group that will make investments in the global financial services sectors, including banking and insurance.

Edward “Ned” Kelly III, former chairman of Mercantile Bankshares Corp., and David Zwiener, former president of The Hartford Financial Services Group’s property and casualty operations, have been named managing directors and will lead the new Carlyle team. Kelly and Zwiener will be based in Washington, DC and New York, respectively and will begin their duties this summer.

David Rubenstein, Carlyle’s co-founder said, “The global growth in demand for financial products and services combined with our ability to attract accomplished professionals makes this an opportune time to start this new investment practice. We expect that Ned and David will leverage Carlyle’s global platform to quickly establish us as serious investors in the financial services space.”

 


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note