Ares Management Names Co-presidents, CEO at Ares Capital

Ares Management has announced the appointment of co-presidents within its executive team, while also naming a new CEO for its BDC subsidiary Ares Capital.

Kipp deVeer and Blair Jacobson will take on the shared leadership position, operating from New York and London, respectively. DeVeer previously served as head of the credit group from 2004, while Jacobson served as co-head of the European credit counterpart for 12 years. The duo will report to Michael Arougheti, who will continue serving as CEO of Ares Management. The firm said Mitchell Goldstein and Michael Smith will continue co-heading its credit group, while Michael Dennis and Matt Theodorakis will maintain joint leadership in the European direct lending strategy.

Following the appointments, Ares also announced that Kort Schnabel will take over the CEO role of Ares Capital from DeVeer. Jim Miller, who serves as co-president with Schnabel, will remain as sole president of the subsidiary. Schnabel’s appointment will be effective on April 30, with DeVeer maintaining his position as board director.

Written By: Dakota

The Database For Cold Outreach to Reach Institutional and RIA Investors

Book A Demo

Ares Management Names Co-presidents, CEO at Ares Capital

Subscribe

Related Content

Nuveen Nabs New Global Private Wealth Head from Ares

Ares Names Alternative Credit Co-Head

Boyd Watterson AM Names Former Ares Accounting Chief as Global CFO

The Database For Cold Outreach to Reach Institutional and RIA Investors

Address

Products & Services

Resources

Events

Company