Sunday, 1 March 2015
Last updated 2 days ago
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.”
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…