Hirofumi Hirano has been hired as the new Managing Director & Chief Executive Officer of KKR Japan.
Hirano joins KKR from AlixPartners Asia LLC where he was Managing Director and Head of Asia Financial Service Industry Practice. Both appointments are effective April 15, 2013.
Henry R. Kravis, Co-Founder, Co-Chairman and Co-CEO of KKR, said: 'Shu Minoda has led our business as CEO of KKR Japan for six years and has built an excellent platform for future growth. As Chairman, we look forward to his continued leadership in maintaining trusted relationships with our business partners and key stakeholders as well as in our government relations'.
'The appointment of Hiro Hirano as MD and CEO of KKR Japan is an important step forward as KKR continues to grow our private equity franchise and broaden our focus to other areas of asset management and capital markets," said Joseph Y. Bae, Managing Partner of KKR Asia.
'Hiro has a unique combination of private equity investing and operational consulting with a 30-year track record of helping Japanese companies revitalize their businesses and expand globally to achieve their full potential', added Bae. 'He will lead our team on a day-to-day basis at KKR Japan as we build on the firm foundation that KKR has created in Japan'.
Prior to joining AlixPartners, a turnaround specialist consulting firm, Hiranowas CEO of the merchant-banking group of Nikko Cordial Group (now known asSMBC Nikko Securities) and also chairman of Nikko Principal Investments. During his career, he also served as a director of numerous companies, including Nikko Citigroup and Nikko Asset Management.
At AlixPartners, he led the team that advised on the turn-around efforts of Japan Airlines, as well as Sumitomo Trust's acquisition of Nikko Asset Management from Citigroup, and the subsequent acquisition by Nikko Asset Management of DBS's Singapore asset management subsidiary. Hirano graduated from Keio University and holds an MBA from the University of Chicago.