Carlyle Hires Head of Retirement Solutions for 401(k) Push

Carlyle Group Inc. made a key hire as it looks to capitalize on the growing opportunity to structure and sell investments for retirement plans.

Bill Ryan will join Carlyle as a managing director and head of retirement solutions in early January, according to a Monday memo. He will report to Amal Alibair, Carlyle’s head of North America client business.

Ryan previously led a team at consultancy NEPC that advised on defined-contribution products for more than 155 clients managing about $600 billion, according to the memo. He also worked at Aon Plc and for the University of California’s Office of ...