Carlyle Group Names Japan Co-Head

The Carlyle Group said on Monday it has named Kazuhiro Yamada as co-head of its Japanese operations, replacing Masao Hirano, who will resign from the private equity firm, Reuters reported over the weekend. Hirano leaves the company at the end of the year, and will become a senior advisor to Carlyle and an independent consultant.

(Reuters) – Carlyle Group said on Monday it has named Kazuhiro Yamada as co-head of its Japanese operations, replacing Masao Hirano, who will resign from the private equity firm.

Yamada, a managing director at Carlyle, will take up his new position on Jan 1, the company said in a statement. He will co-lead Carlyle’s Japanese operations with current co-head Tamotsu Adachi.

Hirano, who will leave the company on Dec.31, will become a senior advisor to Carlyle and will also work as an independent consultant, the firm said.

Carlyle manages 185 billion yen ($2.2 billion) in Japanese buyout funds.