David McCann
David McCann

Carlyle Group today named David McCann managing director in Toronto, interim global head of investor relations, effective immediately. McCann succeeds Nathan Urquhart, who has decided to pursue other professional interests after a nearly four-year run.

Urquhart has agreed to stay on through the end of the year to ensure a smooth transition.

McCann joined Carlyle in 2014 from Credit Suisse Securities (Canada), where he was head of asset management distribution.

Interim CEO Bill Conway called McCann a seasoned and well-respected IR professional who has “cultivated deep relationships with some of our largest limited partners.”

He thanked Urquhart for his “exceptional contributions and dedication to the firm.

Conway, a co-founder of Carlyle, took the helm following the August 7 ouster of Kewsong Long.

The Financial Times reported that Lee quit after the board refused to discuss a $300M five-year pay package.

Carlyle appointed Lee and Glenn Youngkin co-CEOs in 2018. Lee took the helm in 2020 after Virginia elected Youngkin governor.

A search committee is looking for a replacement for Lee.

Kekst CNC’s Jeremy Fielding and Anntal Silver handled news surrounding Lee’s exit.

Carlyle Group has $376B assets under management.