Carlyle hires Eric Kump from Dubai's DIC

US private equity firm Carlyle Group has hired Eric Kump from Dubai International Capital (DIC) to join its European buy-out team, Carlyle said in a statement on Tuesday. Kump, who has more than 15 years of experience in the industry, has joined Carlyle Europe Partners (CEP) as a managing director for leveraged buyouts, the private equity firm said. At DIC, he headed the European private equity team. Kump will be joining Carlyle's "European buyout team at a time when the investment pace is picking up across the region," said William Conway, co-founder and managing director of Carlyle Group. DIC is the investment arm of Dubai Holding, the conglomerate owned by the emirate's ruler. The investment firm made a large number of investments during the boom years, including buying a stake in UK bank HSBC. DIC was not immediately available for comment when contacted by Reuters.