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.
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.
Barcelona play Juventus, Manchester United and Real Madrid in a lightening tour of the United States next week. The Brazilian has been on fire ever since he made the switch to Barcelona from Santos over 4 years ago.
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.
Financial analysts have said this, insurance actuaries have said it, even the federal government has said it. One of the great follies of Obamacare is that it didn't allow insurance to function as insurance anymore.
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.
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".
His lap of 1:26.600s is a new track record for the current Silverstone configuration. "I'm so proud I could do this for you", he told the crowd at the trophy presentation. "I am so proud I could do this for you all".
This buyback authorization allows the oil and gas producer to reacquire up to 3.9% of its shares through open market purchases. BlackRock Inc. increased its position in shares of Suncor Energy by 11,547,276.0% in the first quarter.
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...
German police arrest armed man after he shows up at school
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.