KKR names Goldman Sachs exec as Asia Pacific head of strategy & business development

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Private equity giant KKR has named Kate Richdale as its new head of strategy & business development in the Asia-Pacific, poaching her from investment banking major Goldman Sachs.

In her new role Richdale will support the firm’s senior leadership team in Asia as its seeks to expand its platform’s investment strategy. She will also help the team bulk up its deal origination pipeline.

Richdale joins from Goldman Sachs where she was chairman of investment banking in Asia Ex-Japan. She was also previously the co-head of the investment banking division in the same region.

Prior to Goldman Sachs, Richdale was head of investment banking for Asia Pacific at Morgan Stanley.

KKR’s head of Asia Ming Lu said,  “Since we started investing in Asia nearly 15 years ago, KKR has grown from a private equity investor to a diversified alternative solutions provider spanning credit, capital markets, real estate and infrastructure.

“Our first phase of growth has focused on scaling our private equity business, and now we have the great opportunity to meet the growing needs of Asian businesses and entrepreneurs. Appointing Kate as our head of strategy & business development will accelerate our growth in Asia.”

KKR is currently making investments from its Asian Fund III, which it closed on a record-breaking $9.3bn in the summer of 2017.

Last year the firm announced the appointment of former Macquarie exec David Luboff as head of Asia-Pacific infrastructure.

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