FORTUNE — Nadim Barakat has quietly resigned as a managing director with Credit Suisse Asset Management (CS), where he had served as chief investment officer for the bank’s private equity customized fund investment group (which is being sold off).
A source tells me that his next stop will be The Carlyle Group (CG), where he will focus on custom managed accounts and related solutions. For example, Carlyle last year was hired to manage $750 million by the Municipal Employees’ Retirement System of Michigan.
Barakat joined Credit Suisse in November 2000 via its merger with Donaldson, Lufkin & Jenrette, where he had been a VP of DLJ Merchant Banking’s customized fund investment group. Before that, he was a founding member of the Bank of Kuwait’s private equity effort.
Carlyle and Credit Suisse both declined to comment on the new hire. Barakat remains on the Credit Suisse website.
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