China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Carlyle taps veteran Citi banker for Asia post
HONG KONG, June 16 (Reuters) - The Carlyle Group [CYL.UL], a Washington-based private equity firm, said it has hired Sunil Kaul, a veteran Citigroup (C.N) banker, as a senior director in financial services in its Carlyle Asia Partners unit.
Kaul, who was president of Citibank Japan and spent 18 years at the U.S. financial giant, will take up his new post on August 1 and be based in Singapore.
Carlyle Asia Partners has invested more than $2.5 billion in Asian financial companies, including China Pacific Insurance (Group) Co Ltd (601601.SS), Indian mortgage firm Housing Development Finance Corp (HDFC.BO) and Taiwan's Ta Chong Bank (2847.TW).
"The financial services sector is one of the most attractive investment areas and Sunil will be an important part of our investment going forward," X.D. Yang, managing director and co-head of Carlyle Asia Partners, said in a statement on Monday.
The Carlyle Group has $81.1 billion under management in 60 funds. (Reporting by Tony Munroe; Editing by Anne Marie Roantree)
