Hirano, pictured, who was previously head of Alix’s Asia Financial Service Industry Practice, will take over from Minoda as KKR Japan managing director and CEO.
KKR co-founder and co-CEO Henry Kravis 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.”
Prior to joining turnaround specialist consultancy Alix Partners Hirano was CEO of Nikko Cordial’s merchant banking group and chairman of Nikko Principal Investments.
He also previously worked for Nikko Citigroup and Nikko Asset Management.
KKR Asia managing director Joseph Bae said, “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.
“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.
“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.”
Both men will begin their new jobs on April 15.
Last month KKR made a five times return from its investment in Japanese recruitment specialist Intelligence Holdings, which was sold to peer Temp Holdings for ¥68bn ($721m).
KKR acquired the company for ¥32.5bn including debt three years ago after outbidding fellow private equity firms Carlyle and MBK.
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