Meet Joe Bae and Scott Nuttall: KKR’s new Co-Presidents and Co-Chief Operating Officers.
Together, Bae and Nuttall will share the responsibility of overseeing KKR’s day-to-day operations. However, the two will have slightly different areas of focus.
In their new roles, Bae will concentrate on KKR’s global private equity assets in addition to the firm’s investments in energy, infrastructure, and real estate. Meanwhile, Nuttall will primarily be concerned with KKR’s strategic growth initiatives, for which he will devote special attention to the firm’s capital markets, corporate and real estate credit, hedge funds, and capital raising companies.
KKR co-founders Henry Kravis and George Roberts will retain their positions as Co-Chief Executive Officers and Co-Chairmen. On Monday, Kravis and Roberts released the following joint statement in regards to the firm’s shift in leadership:
“Today’s announcement is about the future and ensuring we have the right team and leadership structure to serve our clients and partners for decades to come. Having joined the firm together over 20 years ago, Joe and Scott have a strong foundation of trust, professional respect, and personal friendship that is critical for success. They think and act globally, they embody KKR’s core values, and they are two of our most accomplished business leaders, with proven track records of managing large teams, building new businesses, and driving value for our fund investors and our public unit holders.”
About Joe Bae
Joseph Y. Bae, 45, first joined KKR back in 1996. Prior to being appointed Co-President and Co-Chief Operating Officer, he was the Global Head of KKR’s Infrastructure and Energy Real Asset businesses and Managing Partner of KKR Asia.
About Scott Nuttall
Scott C. Nuttall, 44, also joined KKR in 1996. Prior to his appointment as Co-President and Co-Chief Operating Officer, Nuttall served as head of KKR’s Global Capital and Asset Management Group.