Afsaneh Beschloss to Join The Carlyle Group

World Bank Executive to Head Firm's New Asset Management Group



Apr 17, 2001, 01:00 ET from The Carlyle Group

    WASHINGTON, April 17 /PRNewswire/ -- Afsaneh Masheyekhi Beschloss,
 currently treasurer and chief investment officer of the World Bank, will join
 The Carlyle Group next month as a managing director and partner.
     Beschloss will join the firm May 1 and direct the newly formed Carlyle
 Asset Management Group, which will be based in Washington, D.C., and New York.
     "Afsaneh Masheyekhi Beschloss is an extraordinary leader in finance, with
 a global reputation for her investment acumen and management skills," Carlyle
 chairman Frank Carlucci said.  "We are very fortunate to have Mrs. Beschloss
 join us, and we are confident that she will build Carlyle Asset Management
 into a world-class investment organization."
     In her current World Bank position, Beschloss is responsible for
 investment strategy and for the investment of the Bank's $65 billion of
 assets.  In addition, she directs the Bank's $30 billion funding strategy and
 operations; manages the asset liability of its balance sheet; and provides
 financial technical assistance to member countries, central banks, and social
 security organizations on financial issues.
     Previously, Beschloss was manager of the Bank's derivatives and structured
 products area, portfolio manager for its fixed income portfolio, manager for
 energy and infrastructure projects, and founder of the natural gas development
 division.
     Beschloss has worked for J.P. Morgan in corporate finance in London and
 New York, and for Shell International Group Planning in London.  She has also
 taught international trade and economics development at Oxford University, and
 holds an M. Phil (Honors) in economics.
     Carlyle, headquartered in Washington, D.C., is one of the world's largest
 private equity firms, managing more than $13 billion through twelve different
 funds operating in the United States, Europe, Asia and Japan.  Since its
 inception in 1987, Carlyle has invested $5.5 billion of equity capital and
 achieved a 34% internal rate of return on that capital.  The companies
 currently controlled by Carlyle will have revenues this year in excess of $15
 billion.
 
 

SOURCE The Carlyle Group
    WASHINGTON, April 17 /PRNewswire/ -- Afsaneh Masheyekhi Beschloss,
 currently treasurer and chief investment officer of the World Bank, will join
 The Carlyle Group next month as a managing director and partner.
     Beschloss will join the firm May 1 and direct the newly formed Carlyle
 Asset Management Group, which will be based in Washington, D.C., and New York.
     "Afsaneh Masheyekhi Beschloss is an extraordinary leader in finance, with
 a global reputation for her investment acumen and management skills," Carlyle
 chairman Frank Carlucci said.  "We are very fortunate to have Mrs. Beschloss
 join us, and we are confident that she will build Carlyle Asset Management
 into a world-class investment organization."
     In her current World Bank position, Beschloss is responsible for
 investment strategy and for the investment of the Bank's $65 billion of
 assets.  In addition, she directs the Bank's $30 billion funding strategy and
 operations; manages the asset liability of its balance sheet; and provides
 financial technical assistance to member countries, central banks, and social
 security organizations on financial issues.
     Previously, Beschloss was manager of the Bank's derivatives and structured
 products area, portfolio manager for its fixed income portfolio, manager for
 energy and infrastructure projects, and founder of the natural gas development
 division.
     Beschloss has worked for J.P. Morgan in corporate finance in London and
 New York, and for Shell International Group Planning in London.  She has also
 taught international trade and economics development at Oxford University, and
 holds an M. Phil (Honors) in economics.
     Carlyle, headquartered in Washington, D.C., is one of the world's largest
 private equity firms, managing more than $13 billion through twelve different
 funds operating in the United States, Europe, Asia and Japan.  Since its
 inception in 1987, Carlyle has invested $5.5 billion of equity capital and
 achieved a 34% internal rate of return on that capital.  The companies
 currently controlled by Carlyle will have revenues this year in excess of $15
 billion.
 
 SOURCE  The Carlyle Group