Carlyle opens Dubai office, names Bagatelas managing director for investor relations

Bagatelas will work with Carlyle's current and prospective investors throughout the MENA region. He joined Carlyle from Credit Suisse, where he was a director and team leader for special coverage in the Middle East. Previously, Bagatelas was a director with Citigroup Private Bank in Dubai, Greece and Switzerland. He began his career with the United States Department of State, with assignments in Washington, DC, and at the United States Mission to the European Union in Brussels, Belgium.

Co-founder and managing director of Carlyle, David M Rubenstein, said, 'We are delighted to open an office in Dubai, a dynamic and cosmopolitan city at the crossroads of international business. Opening this office and having Paul join the firm is an important part of our global expansion strategy.'

Bagatelas added, 'The Carlyle Group is pleased to launch operations in the Middle East from the Dubai International Financial Centre. Our license from and regulation by the Dubai Financial Services Authority serves as the solid platform and hub from which we will build our local and regional private equity investments. The Carlyle Group is delighted to now participate in the growing investment opportunities inside the Middle East, an important region that is home to some of our most important investors.'

Carlyle has $44.3bn under management. The Group has 42 funds across four investment disciplines: buy-outs, venture and growth capital, real estate, and leveraged finance.

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