Wachovia Corporate Treasurer joins Carlyle Group

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http://www.carlyle.com/Media%20Room/News%20Archive/2008/item10417.html

New York - Global private equity firm The Carlyle Group today named James F. Burr a Managing Director in the Carlyle Global Financial Services Group. Mr. Burr comes to Carlyle from Wachovia Bank, where he was the Corporate Treasurer. Mr. Burr begins his new duties August 1, 2008 and will be based in New York City.

“Jim is a great addition to our deep and talented team. His intimate knowledge of the financial services space from an operational and financial perspective will prove invaluable as Carlyle seeks out the best opportunities to deploy capital in the struggling financial services sector,” said Olivier Sarkozy, Carlyle Managing Director and Co-head of the Global Financial Services Group.

“Private equity can play a significant role in recapitalizing financial services firms buffeted by today’s tough markets. This is a wonderful opportunity to join a remarkable team of proven executives who really understand what the problem is and how to be a part of the long term solution,” said Mr. Burr.