Carlyle Group Hires Deutsche Exec.

Aug 11 2006 | 12:00am ET

For the second time in a week, The Carlyle Group has nabbed a top Deutsche Bank executive for its long-awaited hedge fund.

Rick Goldsmith, the head of Deutsche Asset Management’s hedge fund business, will join the new venture.

Last week, Carlyle named DB’s head of proprietary trading, Ralph Reynolds, to head the new hedge fund.

Reynolds and Goldsmith served together as co-heads of global equity derivatives at DB. Without missing a beat, DB said Charles Leitner, who heads the bank’s real estate business, will succeed Goldsmith as global head of alternative investments at DeAM. Leitner starts his new job on Sept. 1. 

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