PRESS RELEASE

The Carlyle Group Names Christopher Dodds as Senior Advisor to Global Financial Services Group; Former Charles Schwab CFO Brings 25 Years of Experience to Carlyle

Mon, 10 November 2008
2008-101

The Carlyle Group Names Christopher Dodds as Senior Advisor to Global Financial Services Group; Former Charles Schwab CFO Brings 25 Years of Experience to Carlyle

New York, NY – Global private equity firm The Carlyle Group today announced it has named Christopher V. Dodds Senior Advisor to its Global Financial Services Group. He is based in San Francisco and began his duties on November 1, 2008.

Mr. Dodds, who retired as Chief Financial Officer and Executive Vice President of The Charles Schwab Corporation in May 2007 after 21 years with the firm, will help Carlyle find and evaluate investment opportunities as well as consult with the financial services portfolio companies.

“I am pleased to welcome Chris to Carlyle. Having worked together on a number of highly successful transactions over the years I am particularly pleased that he is joining Carlyle. Chris’s raft of experience will make our due diligence more insightful and our company ownership more fruitful,” said Olivier Sarkozy, Carlyle Managing Director and Head of the Global Financial Services Group.

Mr. Dodds said, “This is a great opportunity to work with a seasoned investment team in the midst of incredible market tumult. I’ve admired Carlyle from afar and look forward to adding value to the investment process and working with portfolio companies.”

Carlyle established its Global Financial Services Group in June 2007 and the team completed its first investment in August 2008 with a $75 million investment in wealth management firm Boston Private Financial Holdings, Inc. The group’s network of 13 professionals focuses on investment opportunities in banking, insurance, specialty finance, asset management, capital markets and FIG technology.

From 1999 through 2007, Mr. Dodds served as Schwab’s Executive Vice President and Chief Financial Officer, responsible for strategic planning, financial planning and analysis, treasury, taxation, corporate accounting, external and regulatory reporting, mergers and acquisitions, investor relations, risk management and corporate real estate. Prior to this position, Mr. Dodds served as Corporate Controller from 1997 to 1999, Corporate Treasurer from 1993 to 1997 and Vice President of Corporate Finance and Mergers and Acquisitions from 1989 to 1993. He joined Schwab in 1986. Mr. Dodds began his career with the treasury departments of Gulf Oil and Exxon.

Mr. Dodds, 48, earned his M.B.A. from the University of Pittsburgh and his bachelor’s degree from Clemson University, where he was captain of the men’s varsity basketball team.

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