The Carlyle Group announced last week that it has hired John Stomber as a managing director in the leveraged finance group in New York. Stomber previously worked at Cerberus Capital Management as a managing director focused on structured finance transactions and deals with banking and securities firms.

In his new role, Stomber will help develop new investment products and expand existing business lines. Carlyle's leveraged finance group manages 12 high yield, mezzanine and distressed funds in the US and Europe.

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