Trading places: Carlyle CEO quits, FCA hires O’Connell from Home Office, Freshfields nabs new partner – Financial News

Carlyle chief executive Kewsong Lee has left the private equity firm amid a dispute over a new pay deal. William Conway, a co-founder and former co-CEO of the firm, will serve as interim chief executive until a permanent successor can be found.

Nathan Urquhart, Carlyle’s global head of investor relations, is also leaving at the end of the year to “pursue new professional opportunities”. Urquhart is set to join Coatue Management, where he will be part of the hedge fund’s leadership team, as well as oversee investor relations and fundraising efforts for the firm.

Carlyle tapped David McCann, a senior relationship manager responsible for overseeing its investor relations in North America, to serve as interim global head of investor relations, effective 10 August.

Jan Skarbek, Citigroup‘s co-head of banking, capital markets and advisory in the UK and Ireland has left the firm as a probe into his conduct continues, according to reports. Skarbek had served nearly three decades at the firm, but has been the subject of an investigation over allegations he made inappropriate comments to a junior while on a work trip to Spain.

Former UK chancellor Philip Hammond is set to join an all-star line-up at a new fund trying to boost the chances for UK fintechs. He took an adviser role at crypto startup Copper in October, after joining start-up lender OakNorth’s advisory board in 2020.

Freshfields Bruckhaus Deringer hired leveraged finance lawyer Carol Van der Vorst as a partner in its private equity team in London. Van der Vorst was a partner in US law firm Ropes & Gray’s London office from 2018. Prior to that she spent seven years at Goldman Sachs, where she was a managing director in the bank’s debt underwriting group.

The Financial Conduct Authority appointed Ruairi O’Connell from the Home Office as a new director in its international division. O’Connell currently holds the same role at the government department and was previously British Ambassador to Kosovo. He will take on the task of continuing to deal with regulatory issues arising from Brexit, as well as increasing engagement between the UK markets watchdog and international peers.

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DWS Group bolstered its board with two new members: Karen Kuder will join the board as chief administrative officer, while Angela Maragkopoulou will become chief operating officer.

Kuder has been chief counsel at Deutsche Bank since May 2020, where she restructured the legal department and supervised the governance of the Deutsche Bank Group. Maragkopoulou was most recently chief information officer B2B and senior vice president B2B and data analytics at Deutsche Telekom.

Private equity giant Thoma Bravo is set to take on its first London office as it eyes more deals in Europe. The software investor is under offer to take two floors of an office block in St James’s Square, moving into the private equity heartlands of London’s West End.

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To contact the author of this story with feedback or news, email Sidhi Mittal

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