US buyout firm The Carlyle Group has hired a former chief executive of Abu Dhabi Investment, a subsidiary of the state-owned investment authority, to lead its business in the Middle East as it prepares to raise a regional fund of up to $1bn (€783bn).

Walid Musallam will join Carlyle from Abu Dhabi Investment to lead a team based in the Persian Gulf, possibly in Dubai.

Dominic Elliott

The Carlyle Group

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Carlyle adds Abu Dhabi CEO for Gulf push

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