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Carlyle Group Appoints Former Lotte Rental CEO Choi Jin-hwan as Senior Advisor
Finance · Investment Managers · yonhap_finance · 2026-09-01
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Global investment firm Carlyle has hired former Lotte Rental CEO Choi Jin-hwan as a senior advisor for its Asia team to bolster regional investment strategies.
What Happened
Strategic Appointment: Global investment firm Carlyle has announced the appointment of Choi Jin-hwan, the former CEO of Lotte Rental, as a senior advisor to its Asia advisory team. In this role, Choi will focus on identifying new investment opportunities across Korea and the Asia-Pacific region while advising on value creation for Carlyle's portfolio companies.
Leadership at Cheongho Group: In addition to his advisory role, Choi will serve as the CEO of Crystal Holdings Korea, the holding company of Cheongho Group, and as the group's overall leader. Cheongho Group encompasses several entities, including the environmental appliance rental firm Cheongho Nais and various filtration component manufacturers.
Professional Background: Choi is a seasoned executive with over 30 years of experience spanning the mobility, telecommunications, security, and financial services sectors. His previous leadership roles include serving as CEO of SK Broadband, ADT Caps, and Hyundai Life Insurance, where he previously collaborated with Carlyle during their investment in ADT Caps.
Future Outlook: Carlyle’s leadership expressed confidence in Choi’s deep market insight and execution capabilities, noting that his expertise will be instrumental in strengthening the firm's investment footprint in Korea. Choi stated that he intends to leverage his extensive industry network to support Carlyle’s continued growth in the Korean market.