Carlyle Group Inc. hired a new investor relations head as new Chief Executive Harvey Schwartz reshapes the leadership at the private equity firm.
Jeff Nedelman, 56, is joining Carlyle as head of distribution, directing dealings with pensions, endowments and investors, the Washington-based firm plans to announce Monday. The Goldman Sachs Group Inc. veteran of over-25 years has been a senior managing director at Certares Management, an investment firm known for bets on travel and tourism.
Schwartz stressed the need to provide as much value to clients. “I am confident in Jeff’s leadership as we focus on delivering for them in the most effective way,” he said in a statement.Schwartz has been pushing to get different sales forces to work together in more strategic ways. Carlyle faces the challenge of restoring some big clients’ confidence in the firm after leadership shifts made them more hesitant about ponying up money for key buyout strategies.
Schwartz has also made various changes to the investor relations group. He promoted Eleena Melamed, who worked on strategy and operations in the executive office, to chief operating officer of investor relations and head of client strategy. Meanwhile, Carlyle hired Shane Clifford from Franklin Templeton to head the firm’s private wealth push.
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