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Dean Barr has resigned as head of hedge funds at Citigroup, just days after the bank agreed to buy hedge fund manager Old Lane Partners. As part of the acquisition, Citigroup said that Old Lane co-founder Vikram Pandit would be put in charge of alternative investments—including private equity.

Susan Balloch has joined The Blackstone Group as an executive director, where she will focus on firm management and administrative activities. She previously was in the investor relations group of Welsh, Carson, Anderson & Stowe.

James Binch

has joined Lincolnshire Management as a senior operating partner and managing director. He previously was president and CEO of medical component manufacturer Memry Corp. (AMEX: MRY).

James Crumpton has joined Hercules Technology Growth Capital as chief credit officer. He previously was a senior vice president and credit administration officer at Comerica Bank.

Alfonso Cortina has joined TPG as the firm’s senior advisor in Spain. He is the former chairman and CEO of Repsol YPF SA. He also has served as chairman of Inmobiliaria Colonial and chairman and CEO of Portland Valderribas and Cementos Portland.

Alexandra Gardiner has joined EMAlternatives as chief financial officer. She previously served as vice president of finance for The Rock Greek Group, a $3.5 billion hedge fund-of-funds manager.

Lorraine Hliboki has joined Pomona Capital as a partner and director of co-investments. She will be based in New York. Hliboki has spent the past 15 years with General Electric, most recently as a senior managing director for GE Equity.

Eric Karp is stepping down as head of Bank of America’s financial sponsors group. No word yet on his future plans.

Carlos Kawall, Brazil’s treasury secretary from 2005 to 2006, has joined the board of directors of Rio Bravo Investimentos of Rio de Janeiro. Kawall resigned from his government post at the end of 2006, citing personal reasons.

Eric Mason has joined The Carlyle Group as managing director and head of Asian leveraged finance, effective in June. He previously was with J.P. Morgan Chase, as co-head of syndicated and leveraged finance for Asia-Pacific.

Morgan Stanley has named Stephen Roach as Asia chairman, succeeding the retiring Alasdair Morrison. Roach has been with Morgan Stanley for 25 years, most recently as a managing director and chief economist. He will relocate to Hong Kong in September.

Andrew Silver

has joined Houlihan Lokey as a New York-based managing director in the firm’s basic industrials group, where he will focus on the building products industry. He previously was a managing director with Morgan Joseph & Co.