Management changes at Carlyle Group continued on 10 August, as the company said another high-ranking executive is leaving, just days after the sudden departure of its CEO. But shares still rose along with the broader market, after a key indicator showed a slowdown in inflation.

Nathan Urquhart, a managing director-partner and global head of investor relations, is leaving Carlyle at the end of the year to pursue new professional opportunities, according to a 10 August news release from the firm. Urquhart is a member of Carlyle’s leadership and operating committees. Urquhart’s departure has been in the works for months and has nothing to do with the resignation of CEO Kewsong Lee, a person familiar with the situation said.