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Former HSBC chairman Bond joins KKR(ZT) |
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youhighness
头衔: 海归中尉 性别:  加入时间: 2006/10/14 文章: 783 来自: 哲里木盟科尔沁左翼中旗木里图苏木爱搞不搞嘎查 海归分: 5798
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作者:youhighness 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
Former HSBC chairman Bond joins KKR
By Peter Smith and Peter Thal Larsen
Sir John Bond, one of the world’s most respected bankers, has joined Kohlberg Kravis Roberts as a senior adviser.
Sir John, chairman of telecoms group Vodafone and until this year chairman of HSBC, is the latest senior banking figure to join a large buy-out group. KKR was attracted to Sir John because the buy-out group is particularly interested in expanding in Asia.
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KKR last year hired Sir Deryck Maughan, a former Citigroup executive and veteran Asia-based banker, to spearhead its operations in that region.
The appointment comes after buy-out groups have raised record sums of capital and embarked on an unprecedented wave of deal making in every corner of the world.
In recent months, KKR has agreed some of private equity’s biggest deals. It was part of the team to buy HCA, the US healthcare group, for a record $33bn, and it has also announced deals in Australian media, German fork lift trucks, and Dutch semi-conductors. Last month, it was in talks with Vivendi, the French media group, about a potential €40bn deal.
The appointment will also lead to speculation KKR is interested in the automotive sector. Ford Motor recently retained Sir John as a part-time consultant to executive chairman Bill Ford.
Banking industry veterans are considered to be valuable hires for buy-out groups. As well as having extensive contacts within business and government, they can also provide advice on the financial services industry and on strategic matters.
Henry Kravis, KKR founder, informed the firm’s international employees about Sir John’s appointment early on Tuesday before issuing a statement.
KKR refused to provide details of Sir John’s remuneration. However, he would be expected to earn an annual fee in much the same way as a non-executive.
Advisers to private equity groups can also earn additional fees for helping to source or execute transactions, and when they provide a more hands-on role helping to run a portfolio company. Certain advisers may also earn “carried interest” - a percentage of profits once a buy-out fund has returned all the capital committed by its investors.
Blackstone, KKR’s arch rival, this poached John Studzinski, former co-head of HSBC’s investment banking division, to head its mergers and acquisitions advisory business. Blackstone’s international advisory board also includes David Verey, former chairman of Lazards, and Jacob Wallenberg, chairman of Skandinaviska Enskilda Banken.
Sir John’s reputation owes much to his career at HSBC, which he joined as a trainee in 1961 and which he helped to transform from a regional lender into one of the world’s largest financial institutions.
During his eight years as chairman - HSBC’s top executive position - he masterminded the bank’s push into the US and helped establish its foothold in mainland China.
In recent years he also threw his weight behind an effort to build up HSBC’s investment banking activities. But that strategy, in which Mr Studzinski was helping to execute, is yet to bear fruit.
Sir John combines an understated charm with a far-sighted view of the trends shaping the world’s financial markets. Since taking over at Vodafone this summer he has helped to end a damaging boardroom rift, strengthening the mobile operator’s executive team while bringing in new non-executive directors.
Other executives to join buy-out groups in recent months include Sir James Crosby, recently retired from HBOS, who joined his former Royal Bank of Scotland adversary Sir George Mathewson as an adviser to Bridgepoint.
KKR also employs Lord Hollick, former chief executive of United Business Media, and Roger Carr, Centrica chairman.
作者:youhighness 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
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Former HSBC chairman Bond joins KKR(ZT) -- youhighness - (3783 Byte) 2006-11-22 周三, 05:41 (1621 reads) |
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