Rutt to Carlyle

Carlyle Group is expanding its German presence with the appointment of a new managing director, Heiner Rutt. He will lead the firm’s buyout operations in Germany, working on new investments in existing and future funds and will be based in Carlyle’s Munich office.

Rutt succeeds Hans Albrecht who set up Carlyle’s German buyout team in 1997. Albrecht will now concentrate on restructuring mid-sized companies planning further expansion while also retaining responsibility for managing Carlyle’s existing investments in Germany and Austria.

Rutt will focus on strengthening Carlyle’s presence in the German private equity market, developing new investment opportunities with family-run businesses as well as divisions of larger corporations.

Prior to joining Carlyle, Rutt was a managing director with JP Morgan where he helped develop the group’s German growth strategy and increasing JP Morgan’s presence in the market.