KKR India moves Kumar to Singapore to lead Southeast Asia private-equity business

KKR & Co (KKR.N) is moving a managing director from India to Singapore to lead the firm’s Southeast Asia private equity business, two familiar with the matter sources told Reuters, bolstering its personnel in the region.

Prashant Kumar, who has been with KKR in Mumbai since 2018, will move to Singapore and start his new role in July, one of the sources said.

Kumar will work with Ashish Shastry, a partner who heads Southeast Asia and co-heads the firm’s Asia Pacific Private Equity business.

A spokesperson for KKR declined to comment.

Kumar, an alumnus of The Wharton School and the Indian Institute of Technology, has invested in Indian companies including deodorant-maker Vini Cosmetics and drug-maker JB Chemicals.

Kumar’s move comes after KKR has bolstered its Indian leadership in recent years. It hired Gaurav Trehan from fellow buyout firm TPG Inc (TPG.O) in 2020 to lead its Indian business.

Source link:https://www.reuters.com/

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