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Friday, March 31, 2023

KKR (NYSE: KKR) Announces Appointment of K.V. Kamath as Senior Advisor

KKR & Co. Inc. (NYSE: KKR) disclosed that it has appointed K.V. Kamath as a Senior Advisor to KKR India. The decision of his appointment will come into action instantly. KKR India believed that it is expecting to learn from his wonderful perceptions as the company continues to invest in the growth of India.

K.V. has a truly exceptional track record of working with different stakeholders while creating world-class businesses. He joins at an exhilarating time for KKR in India, and the firm is assured of the value that he will bring to its franchise and businesses. Mr. Kamath’s appointment indicates the latest achievement for KKR in India, where KKR has dedicated roughly US$7 billion of equity in asset classes that involve private equity and infrastructure.

Experience of K.V. Kamath

Talking about the experience of Mr. Kamath, Mr. Kamath worked as the first President of the New Development Bank from its inception in 2015 until 2020. He is known as one of the pioneers of India’s modern financial services sector. He brings more than five decades of experience in building and managing large Indian businesses to KKR.

Furthermore, he also served as the Chairman of ICICI Bank and Infosys Limited.  In October 2021, he was chosen as the Chairperson of India’s newly founded National Bank for Financing Infrastructure and Development, which was established to back the development of long-term infrastructure funding in the country.

Additionally, Mr. Kamath started his career in ICICI’s Project Finance division in 1971. While at the company, he headed the institution of several of ICICI’s new businesses. Moreover, he worked in a range of general management positions. Mr. Kamath then entered the Asian Development Bank in Manila in 1988. He returned to India in 1996 when he was chosen as the MD and CEO at ICICI, which later joined with ICICI Bank.

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