The Carlyle Group has named John Redett as its new CFO. Redett, who is currently head of global financial services at the firm, will assume his new role on October 1.
Redett will succeed Curt Buser, who has been finance chief since 2014. Buser will step down on September 30, and will continue to serve as a senior adviser until he retires at the end of this year.
Redett joined Carlyle in 2007, starting in its global financial services team as an investor. He has headed the team since 2016, first as co-head and then as sole lead since 2020.
He has a 25-year financial services background, having spent time at Goldman Sachs and JPMorgan Chase prior to joining Carlyle.
Carlyle also announced that Jim Burr, who is part of the global financial services team, will replace Redett as head of global financial services. Burr has been with the firm since 2008 and has 27 years of financial services experience.
The selection of Redett is Carlyle’s first change of a top executive since it named Harvey Schwartz, a former Goldman Sachs co-COO, as its new CEO in February. Schwartz became chief executive after Kewsong Lee abruptly left the firm last August.
Redett and Schwartz will manage the firm in a challenging market. Schwartz said on the firm’s first-quarter earnings call that the firm was “not pleased” with its results.