Private equity house The Carlyle Group's newly formed financial institutions team has hired six senior staff as more deals are expected in the banking and insurance sectors in the wake of the sub-prime mortgage shakeout.

Sandy Warner, former chairman of JP Morgan, who was at the helm when the bank merged with Chase Manhattan to become JP Morgan Chase, is joining Carlyle as a senior adviser. David Moffett, former vice chairman and chief financial officer of US Bancorp, is also joining as a senior adviser.