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    London, UK/Johannesburg, South Africa, March 14, 2017 – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Dele Babade has been retained as an Advisor to Carlyle’s Sub-Saharan African Fund (CSSAF), effective immediately.

    A seasoned investor with close to 30 years’ experience working in financial markets, gained mostly in Africa, Mr.

    Babade brings a wealth of experience across a range of sectors on both the buy-side and sell-side.  Mr. Babade was previously CEO at Ecobank Capital and a member of Ecobank’s Group Executive Committee. He also held senior positions at Midland Montagu (now HSBC Investment Bank), Nomura International and Citigroup.

    In his role, Mr.

    Babade will provide advice to Carlyle’s Sub-Saharan Africa team on investment opportunities and partnerships across the continent, as well as existing portfolio investments, to help Carlyle invest wisely and create value across a range of industries.  Mr.

    Babade will also continue