Nicholas Hyde has taken the job after leading new business development to institutional accounts in Australia, New Zealand and Asia at IFM.
He has a reported 30 years’ experience, having also worked as managing director of institutional business development at Wellington Management and previously holding senior sales roles at investment banks including Deutsche Bank, Citi and JP Morgan.
Mr Hyde will be based in Sydney and will work closely with members of KKR’s senior team in Australia and the region including head of KKR Australia Scott Bookmyer.
In the new role he will be held responsible for managing and expanding KKR’s client relationships in Australia and New Zealand, raising capital for the firm’s private and public markets strategies and leading new business development in the region.
Mr Bookmyer commented: “He brings significant experience that will help us further develop our business in Australia and New Zealand and strengthen our relationships with our valued investment partners.
“Nic’s appointment reinforces our long-term commitment to the Australian market and he will play an important role in our continued efforts to build a multi-product, world-class platform across a diverse range of strategies in the region.”
Australia is an increasingly important market for KKR globally, the firm reported.
It bought a 55 per cent stake in Colonial First State for $1.7 billion in May.
Other recent local senior appointments have included Ben Hall, managing director and head of credit for KKR Australia and Andrew Jennings, a director leading KKR’s infrastructure business in the market.
