Carlyle names insider John Redett as finance chief

(Reuters) -Carlyle Group Inc named company veteran John Redett as its new chief financial officer, the investment firm said on Tuesday, in the first major appointment under Chief Executive Officer Harvey Schwartz's leadership.

Redett, who will take over from Curt Buser on Oct. 1, joined Carlyle 16 years ago and currently leads the firm's global financial services.

Redett, who previously worked for U.S. banking giants Goldman Sachs and JPMorgan, will also become the head of corporate strategy at Carlyle.

Buser will retire at the end of the year after being finance chief for nearly a decade, the company said in a filing.

Carlyle hired Schwartz, a former Goldman Sachs executive, as its chief executive officer earlier this year, after a six-month long search.

Carlyle also said it has also appointed Jim Burr as the head of global financial services.

In its latest first-quarter results Carlyle missed analyst estimates for distributable earnings owing to a sharp drop in income from asset sales in its private-equity portfolio.

(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Nivedita Bhattacharjee and Shailesh Kuber)

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