Private equity firms aren't quite renowned for their technology teams, but they've been quietly building out their capabilities to prepare for AI. The sector has made a few big hires in recent years, but they don't all last; a tech MD hired by Carlyle just 16 months ago has made a curious exit.
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Chitra Hotra, chief data and analytics officer at Carlyle in New York, has left to join Wells Fargo as its head of data and analytics as well as its COO of technology. She joined Carlyle last summer from alternative investment firm Oaktree Capital, where she was CTO and head of data and architecture. Hotra spent more than two decades as a banking technologist prior to joining the buy side. The bulk of it was spent at Bank of America, but she was also previously global head of wealth management data at JPMorgan.
Curiously, Hotra isn't the only ex-banking MD in private equity to leave for Wells Fargo this month. New York-based Nonso Ogbonna joined as an MD in enterprise functions technology from venture capital firm Insight Partners; he was previously an MD and head of engineering partnerships at Goldman Sachs.
Sharud Datta, another senior Carlyle technologist, is also leaving, but he's staying in private equity. Datta spent four years at Carlyle as its CTO for global credit in New York, but has joined PE firm Veritas Capital as its chief information officer; he says he'll be tasked with scaling the firm's generative AI initatives. Datta was previously CTO of asset management firm Ares and head of middle office technologies at hedge fund Millennium.
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