News & Analysis

Carlyle loses CFO to NASDAQ

Carlyle chief accounting officer Curt Buser will act as interim CFO until a permanent replacement is named.

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Private equity giant The Carlyle Group has lost its chief financial officer, Adena Friedman, to public stock market the NASDAQ OMX Group.

Friedman re-joins NASDAQ where she was CFO and executive vice president for corporate strategy before leaving to become chief financial officer of Carlyle in February 2011.

Based in New York, Friedman will join the stock market on June 12 2014 as president of the company's global corporate, information & technology solutions team.

“After three exciting years at Carlyle, a world-class global asset management firm, I am thrilled to be back at NASDAQ OMX, working for one of the most interesting and innovative companies in financial services,” said Friedman in a statement.

Curt Buser, a ten-year Carlyle veteran and chief accounting officer, will become interim CFO, according to Carlyle. “Curt’s deep knowledge of Carlyle will enable him to seamlessly transition to this new role,” said David Rubenstein, Carlyle’s co-chief executive, in a statement.

“We are sad to see Adena go but understand this is a once-in-a-lifetime opportunity for her to serve as their president and to be the leading candidate to some day run NASDAQ OMX,” he added.