Wednesday, 23 July 2014
Last updated 1 hour ago
Nov 5 2013 | 8:08am ET
The Carlyle Group has named a Warburg Pincus executive its new deputy chief investment officer.
Kewsong Lee will focus on corporate private equity investments, assisting Carlyle co-CEO William Conway in managing the firm's buyout and growth funds. Those vehicles have $58 billion in assets under management.
Lee's position at Carlyle is new, the firm said. He will serve on both the firm's management and operating committees, and immediately becomes a potential successor to Conway, who is also Carlyle's chief investment officer.
"Kew will be a great addition to this team and will play a critical role in helping us ensure the platform we have created continues to make superb investments and create value for our investors," Conway said.
At Warburg, Lee was a managing director and a member of its executive management group. He worked at the firm for more than 20 years, overseeing such mega-deals as those form Neiman Marcus Group and Arch Capital Group.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…