Carlyle promotes seven to MD

Among those to be rewarded with new titles are three buyout executives and one real estate professional. The firm made a total of 33 staff promotions.

Global private equity firm The Carlyle Group has made a raft of promotions across its organisation, including seven to managing director.

Among the new managing directors are New York-based Stephen Wise, Singapore-based Anand Balasubrahmanyan and Hong Kong-based Alex Ying, all in the firm’s buyout group.

Wise focuses on US buyouts in the healthcare sector and has previously held positions at two other private equity firms: JLL Partners and JW Childs Associates. Prior to this he was in Credit Suisse First Boston’s leveraged finance group.

Balasubrahmanyan focuses on buyouts in Southeast Asia. He is a former investment banker and was most recently head of Southeast Asia capital markets at Morgan Stanley.

Ying spent four years as a member of Carlyle’s US real estate group before moving over to Carlyle Asia. He was formerly an investment banker with CIBC Oppenheimer.

London-based European real estate executive Oussama Daher was also promoted to managing director, as is New York-based Shary Moalemzadeh of the firm’s distressed and corporate opportunities group.

Washington-based Chris Ullman, Carlyle’s global communications chief and spokesman, has also been promoted to managing director, as has corporate controller Pam Bentley.

A further 26 executives have been promoted to either director or principal.