Carlyle Group has established a new executive position as a part of the alternative asset manager’s growth initiatives. 

The asset manager tapped Ryan Selwood, former head of direct private equity at Canada Pension Plan Investment Board, as its managing director and chief development officer. According to Carlyle, Selwood will be involved in a range of investment and management jobs and will serve on investment committees across the firm. Selwood will start at Carlyle on January 1, 2022. 

The new position and Selwood’s hiring are part of the firm’s larger expansion efforts. In his role, Selwood will work alongside other Carlyle leadership on growth initiatives and corporate mergers & acquisitions. 

At CPPIB, a pension plan with CA$519.6 billion (U.S. $413.3 billion) in assets under management, Selwood was the managing director and the head of private equity, a position that made him responsible for the plan’s North American and European private equity portfolios. In the past 15 years at CPP Investments, Selwood held a number of leadership positions across investment sectors and geographies, including spearheading the Canadian pension plans’ platform acquisitions of Antares, Ascot Group, and Wilton Re. 

“Ryan brings an impressive track record of accelerating business growth and I am confident he will play an important part in helping us deliver on our short- and long-term strategic and financial goals, and enhance all aspects of delivering for our limited partners and shareholders,” Carlyle CEO Kewsong Lee said.