Sunil Kaul

Business Segment
Corporate Private Equity
Asset Class

Sunil Kaul is a Managing Director and Head of Southeast Asia of the Carlyle Asia Buyout team, focusing on investments in the financial services sector across Asia. He is based in Singapore.

Mr. Kaul has more than 30 years of experience across private equity, corporate and consumer banking. Since joining Carlyle in 2008, he has advised on investments across Asia and led several notable transactions, including investments in India Infoline, PNB Housing Finance, SBI Card and SBI Life in India, as well as Diamond Bank, one of Nigeria’s leading banks. 

Mr. Kaul is a director on the boards of SBI Card and PNB Housing Finance Ltd. He has served on the boards of several companies, including India Infoline in India, Ta Chong Bank in Taiwan and Diamond Bank in Nigeria. He is a member of the Asia Pacific Infrastructure Partnership.

Prior to joining Carlyle, Mr. Kaul served as President of Citibank Japan, covering the bank's corporate and retail banking operations. He concurrently served as Chairman of Citi's credit card and consumer finance companies in Japan. He was also a member of Citi's Global Management Committee and Global Consumer Planning Group.

Mr. Kaul has lived and worked in India, the United States, Japan, Netherlands and Singapore. In his earlier roles, Mr. Kaul served as Head of Retail Banking for Citi in Asia Pacific. He has also held senior positions in Business Development for Citi's Global Transaction Services based in New York, Transaction Services Head for Citi Japan based in Tokyo and Global Cash Business Management Head for ABN Amro, based in Holland.

Mr. Kaul earned his post-graduate degree in management from Indian Institute of Management in Bangalore and a bachelor’s degree in technology from Indian Institute of Technology in Bombay.