Former US secretary of state James Baker has joined Ewing Management Group, a Dallas-based private equity firm founded by Edward Ewing, the former chief executive officer of Carlyle Management Group, as an investment partner and senior advisor to the firm.
At the time that Baker announced his retirement from The Carlyle Group, Chris Ullman, a spokesman for the firm, noted that Baker had helped bring “credibility” to Carlyle as the firm made its push into foreign countries.
Baker will fulfill a similar role with Ewing Management. The firm, which has offices in Dallas and New York, has recently opened an office in Shanghai – a statement released by the company noted that “Baker will advise [Ewing] in the implementation of its strategic activities in China and throughout the region.”
Founded in 2004, Ewing Management was formerly the Carlyle Management Group, an affiliate of The Carlyle Group. The firm specializes in turnaround and special situations private equity investments. It closed its debut fund on $1 billion in 2004.