The Carlyle Group Opens Office in Dubai; Paul Bagatelas Named Managing Director for Investor Relations

Washington, DC – Global private equity firm The Carlyle Group today announced it has opened an office in Dubai, United Arab Emirates, within the Dubai International Financial Centre (DIFC), and has received a license to operate in the DIFC by the Dubai Financial Services Authority (DFSA). Carlyle also named Paul Bagatelas Managing Director for Investor Relations and Senior Executive Officer (SEO) in the Dubai office in the DIFC. The DFSA regulates, approves and supervises all financial institutions within the DIFC. Mr. Bagatelas, who comes to Carlyle from Credit Suisse, starts his new role immediately.

David M. Rubenstein, Carlyle Co-founder and Managing Director, said, "We are delighted to open an office in Dubai, a dynamic and cosmopolitan city at the crossroads of international business. Opening this office and having Paul join the firm is an important part of our global expansion strategy."

Mr. Bagatelas said, "The Carlyle Group is pleased to launch operations in the Middle East from the Dubai International Financial Centre. Our license from and regulation by the Dubai Financial Services Authority serves as the solid platform and hub from which we will build our local and regional private equity investments. The Carlyle Group is delighted to now participate in the growing investment opportunities inside the Middle East, an important region that is home to some of our most important investors."

In his new capacity, Mr. Bagatelas will work with Carlyle’s current and prospective investors throughout the Middle East and North Africa (MENA) region.

Prior to joining Carlyle, Mr. Bagatelas was a Director with Credit Suisse in Dubai, as team leader for special coverage in the Middle East. Previously, Mr. Bagatelas was a Director with Citigroup Private Bank in Dubai, Greece and Switzerland. Mr. Bagatelas began his career with the United States Department of State, with assignments in Washington, DC, and at the United States Mission to the European Union in Brussels, Belgium.

Mr. Bagatelas has a master’s degree from the Tufts University Fletcher School of Law and Diplomacy in Massachusetts, and a bachelor’s degree from the Georgetown University Walsh School of Foreign Service in Washington, DC.

Mr. Bagatelas completed the international business program as a Rotary Foundation Scholar at Nyenrode Business University in The Netherlands.