Private equity firm The Carlyle Group named James F. Burr a managing director in the Carlyle global financial services group. Burr comes to Carlyle from Wachovia Bank, where he was the corporate treasurer. Mr. Burr begins his new duties 1 August 2008 and will be based in New York City.
“Private equity can play a significant role in recapitalizing financial services firms buffeted by todays tough markets,” Burr says. “This is a wonderful opportunity to join a remarkable team of proven executives who really understand what the problem is and how to be a part of the long term solution.”
James Burr joined Wachovia Bank in 1992 and has served in several senior positions, most recently as Corporate Treasurer since 2006, where he was responsible for activities relating to funding, investing, risk transference, balance sheet management, liquidity and capital usage. Other Wachovia positions include Assistant Treasurer, Controller of the Corporate and Investment Bank, Product Controller of Treasury/Balance Sheet Management and Structured Products and Mortgage Analyst. Burr began his career at Ernst & Young, where he was a C.P.A. focused on banking and computer audit issues. He earned his B.S. in business administration from Appalachian State University.