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Carlyle appoints new global wealth division head for Asia Pacific
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Carlyle appoints new global wealth division head for Asia Pacific
Jan 26, 2025 7:50 PM

Jan 27 (Reuters) - Investment firm Carlyle said

on Monday it had appointed Citi executive Brad McCarthy as the

new managing director and Asia Pacific chief of its global

wealth division.

McCarthy will be responsible for expanding Carlyle's wealth

platform across Asia Pacific with a focus on enhancing client

offerings, the company said.

Before joining Carlyle, McCarthy headed Alternative

Investment Sales for Asia Pacific at Citi Private Bank and

Global Wealth. He has also worked for British investment firm

Permal and Australian wealth management company BT Financial

Group, among others.

Listings in the region have picked up in the last few

months, with Carlyle-backed Rigaku Holdings raising

around 129 billion yen ($829.10 mln) in its Tokyo offering in

October 2024.

U.S. buyout firm Carlyle is also considering an initial

public offering of engineering services firm Quest Global

Service in India where it could raise about $1 billion,

Bloomberg reported last month, citing people familiar with the

matter.

($1 = 155.5900 yen)

(Reporting by Sneha Kumar in Bengaluru; Editing by Subhranshu

Sahu)

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