The Carlyle Group has promoted directors Han Chen, Satoru Hayashi, James Kim, Nicholas Shao, Feng Xiao and David Roth to managing directors. With the exception of Roth who is based in Washington, the other five are based in Asia.
Based in Shanghai, Chen is focused on real estate opportunities in China. He was formerly general manager of Global Servicing Solutions, a Merrill Lynch subsidiary targeting non-performing loans and real estate investments in China.
Hayashi is based in Tokyo and is focused on real estate opportunities in Japan. Previously, he was an associate at Starwood Capital Japan, an investment firm, where he headed the acquisitions group.
Kim is based in Hong Kong where he is building Carlyle’s new Asian real estate fund. Before that, he was an associate at Los Angeles-based asset management company Remy Capital Partners.
Based in Shanghai, Shao is focused on Asian growth capital opportunities. Prior to joining Carlyle, he was a senior associate and equity research analyst of the semiconductor industry with Credit Suisse First Boston in Hong Kong and Taipei.
Xiao is based in Beijing where he is focused on growth capital investments in China. Prior to that, he was a vice president at investment bank China International Capital Corporation, where he was involved in the restructuring and listing of Chinese companies such as China Telecom and China Post.
Roth is an information technology executive for Carlyle’s investor relations.
Carlyle has also promoted 18 executives to directors across its Los Angeles, London, New York, Paris, Seoul, Tokyo and Washington offices. Of the 18, 10 are investment professionals and eight are in investor services.
In late 2008, the firm shuttered its Warsaw office and wound down its Asian leverage finance group. It also said it would eliminate 100 jobs and close its Menlo Park office to adjust to the contractions in global financial markets.