Investment company Carlyle has appointed Brad McCarthy as the managing director and head of Asia Pacific for its Global Wealth division.
Operating out of Singapore, McCarthy will focus on enhancing Carlyle’s wealth platform across Asia Pacific, improving client offerings, and providing high net-worth investors with access to private market products and solutions.
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McCarthy brings over 25 years of experience in wealth and asset management to Carlyle. His expertise includes heading sales and client service teams, launching products, and developing distribution strategies.
He transitions to Carlyle from Citi Private Bank and Global Wealth, where he served as the managing director and Asia Pacific head of alternative investment sales.
Carlyle Global Wealth Asia Pacific head Brad McCarthy said: “I’m excited to join Carlyle’s fast-growing global wealth team in Asia Pacific, a region where the firm has a long-standing presence and strong brand recognition.”
Before his tenure at Citi, McCarthy played a role at Permal as head of Asia, driving the firm’s growth as a regional alternative investment provider.
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By GlobalDataHe also had stints at ABN AMRO Asset Management and BT Financial Group.
Carlyle Global Wealth head Shane Clifford said: “We are delighted to welcome Brad to Carlyle as we continue to expand our wealth platform and enhance access for investors across Asia Pacific, an important growth region for us.
“With his extensive experience in scaling wealth management platforms and deep understanding of the evolving private markets landscape, Brad will play a key leadership role for us, as we look to further accelerate growth in the region.”
Carlyle, with $447bn in assets under management as of 30 September 2024, operates across three business segments – Global Private Equity, Global Credit, and Global Investment Solutions.
With a workforce of over 2,300, Carlyle maintains a presence in 29 offices across four continents.
In July 2024, Carlyle and KKR agreed to acquire a $10.1bn portfolio of prime student loans from Discover Financial Services.
