Carlyle has appointed Bill Ryan as managing director and head of retirement solutions, as the firm looks to expand its presence in retirement markets, according to a report by Bloomberg. Ryan will join in early January and report to Amal Alibair, Carlyle’s head of North America client business.
Ryan previously worked at investment consultancy NEPC, leading a team advising on defined-contribution products for more than 155 clients overseeing around $600bn in assets. He has also held roles at Aon and at the University of California’s Office of the Chief Investment Officer.
Carlyle reportedly believe the hire reflects the opportunity to bring its investment capabilities to a broader set of retirement clients, as private equity managers seek growth beyond traditional institutional capital. The firm manages approximately $474bn in assets.
Private equity groups have stepped up efforts to access the retirement market following moves by US policymakers to widen access to alternative investments in 401(k) plans. Carlyle has identified products for wealthy individuals as a strategic priority under Chief Executive Harvey Schwartz.
