Their appointments follow speculation about the line of succession at the buyout powerhouse, as Henry Kravis and George Roberts, co-chairmen and co-CEOs are now in their 70s.
"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", Kravis and Roberts said in a statement.
It marks the first time KKR has appointed anyone to the position of president, with Mr Kravis having previously said any of his 15 executives could take up the helm on his and Mr Roberts' retirements. While Blackstone Group has not shaken up its c-suite since co-founder and senior chairman Pete Peterson retired in 2008, it has bolstered its board in recent years with younger deal makers Jon Gray and Bennett Goodman.
Chelsea offer Atletico star lucrative five-year deal
Whether the Blues send him out on a six-month loan and then sell him to the Spanish side is a question we will have to find out. Some have stated AC Milan has shown interest in Costa, but the Spaniard's heart may be set on a return to Atletico.
New home prices rise in Canada
A sales-to-new listings ratio between 40% and 60% is consistent with balanced housing market conditions, the association said. On a year-over-year basis, half of all local markets saw a decline in sales last month.
Bae will focus on the firm's global private equity businesses as well as the real asset platforms across energy, infrastructure and real estate private equity. Nuttall will concentrate on credit, capital markets, hedge funds and fundraising, as well as the firm's balance sheet and strategic initiatives.
Nuttall emerged as a leader at KKR as the firm listed on the New York Stock Exchange in 2010, after merging with a publicly traded fund it managed.
"They think and act globally", Kravis and Roberts said of the duo.
The top private equity firms rely on the track records, influence and mystique of their founders to raise money and land deals.
"Alex has been an outstanding investor and a remarkable leader of our flagship Americas private equity business over the last decade", Kravis and Roberts said, adding that "his management and investment capabilities will benefit any enterprise he joins". KKR said Fisher's move is unrelated to the promotions.
Thrivent Financial for Lutherans raised its stake in shares of L-3 Communications Holdings by 5.0% in the fourth quarter. The company has a 50 day moving average price of $166.31 and a 200 day moving average price of $163.43.
Alexander's Rockets also made worldwide headlines in 2002 when they made Yao Ming of China the No. 1 pick in the draft. The Houston Rockets are for sale and owner Les Alexander is looking for a potential buyer, the team announced Monday.
Friday on southbound USA 23 north of Summerfield Road in Summerfield Township, according to the Monroe County Sheriff's Office. Sources say the 37-year-old was arrested at the crash scene, and charged Friday for reckless driving.
But yes, it's cutting the $213.6 million to help teens that's really going to save the country from debt. Part of what researchers attribute to the low teen pregnancy rate is an increased use of contraception .
Now having said all that, Enunwa does not actually think that the players on the Jets roster are going to tank in 2017. It was merely a comment on the talent that was sent out the door without being replaced.
A manhunt is still underway to find the suspect who is described as being in his teens with a dark complexion and beard. Police tweeted that the man they arrested was let go again and that the suspect had probably fled on a motor bike.
Mueller, who disagrees with the pope on a number of issues, apparently expected his mandate to be renewed automatically. The sign continues: "To get the best out of yourself, concentrate on your potential and not on your limitations".
The 2015-16 Premier League champions have already signed Harry Maguire from Hull and also Sevilla captain Vicente Iborra. Leicester City are wrapping up a deal for Hull City goalkeeper Eldin Jakupovic .
Uttar Pradesh Anti-Terrorism Squad (ATS) was informed and its team reached Mumbai and arrested Salim. Khan was reportedly arrested by Maharashtra police as he reached Mumbai from United Arab Emirates.
Ship Crushes Boat Before Running Into Bridge
The state Department of Transportation says lanes are blocked on the Ray Nitschke Memorial Bridge due to a marine bridge strike. A boat operator has been arrested after 10 people were left injured after they were thrown from a motor boat...
Trump visits Paris, with or without his friend Jim
The meal capped off a day that included a tour of one of Paris's most famous sights, meetings and a joint press conference . Donald Trump , and of his wife, is the sign of a friendship across the ages", Macron said.