Carlyle Steps Up Asian Presence With New Hire

Oct 9 2007 | 12:33pm ET

Global private equity firm The Carlyle Group is expanding in Asia with the addition of Anand Balasubrahmanyan as a director to lead its investments in Southeast Asia for Carlyle Asia Partners.

Balasubrahmanyan will be based in Singapore, where he will build a Carlyle Asia Partners team. He joins the firm after a 12-year career in investment banking, most recently as executive director and head of global capital markets for Southeast Asia at Morgan Stanley.

“We are stepping up our efforts with a dedicated team based in Singapore under Anand's leadership to pursue investments across the region, especially in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam,” said X.D. Yang, co-head of Carlyle Asia Partners. "Each of these countries has demonstrated strong economic growth and stability in recent years and we expect such trends to continue. We will partner with local companies and management teams to grow their businesses in their own markets as well as regionally and globally."

Carlyle Asia Partners was established in 1997 and currently manages some $2.56 billion in assets.

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