Ares Management Names Kipp deVeer and Blair Jacobson as Co-Presidents
Ares Management (NYSE: ARES) has appointed Kipp deVeer and Blair Jacobson as Co-Presidents, effective immediately. Both will report to CEO Michael Arougheti while continuing to be based in New York and London, respectively.
The executives will transition from their Credit Group management roles to focus on firm-wide strategic initiatives, investor relations, and leadership development. Mitchell Goldstein and Michael Smith will continue as Co-Heads of Ares' Credit Group, while Michael Dennis and Matt Theodorakis will lead the European Direct Lending strategy.
In a related move, Kort Schnabel will become CEO of Ares Capital effective April 30, 2025, with Jim Miller continuing as sole President. deVeer, who joined Ares in 2004, has been instrumental in building the Credit Group, while Jacobson, who joined in 2012, established Ares' European Direct Lending platform.
Ares Management (NYSE: ARES) ha nominato Kipp deVeer e Blair Jacobson come Co-Presidenti, con effetto immediato. Entrambi riporteranno al CEO Michael Arougheti, continuando a lavorare rispettivamente da New York e Londra.
I dirigenti passeranno dai loro ruoli di gestione del Gruppo Credito per concentrarsi su iniziative strategiche a livello aziendale, relazioni con gli investitori e sviluppo della leadership. Mitchell Goldstein e Michael Smith continueranno come Co-Responsabili del Gruppo Credito di Ares, mentre Michael Dennis e Matt Theodorakis guideranno la strategia di Prestiti Diretti in Europa.
In un passo correlato, Kort Schnabel diventerà CEO di Ares Capital con effetto dal 30 aprile 2025, con Jim Miller che continuerà come unico Presidente. deVeer, che ha aderito ad Ares nel 2004, è stato fondamentale nella costruzione del Gruppo Credito, mentre Jacobson, entrato nel 2012, ha istituito la piattaforma di Prestiti Diretti in Europa di Ares.
Ares Management (NYSE: ARES) ha nombrado a Kipp deVeer y Blair Jacobson como Co-Presidentes, con efecto inmediato. Ambos reportarán al CEO Michael Arougheti, mientras continúan basados en Nueva York y Londres, respectivamente.
Los ejecutivos harán la transición de sus roles en la gestión del Grupo de Crédito para concentrarse en iniciativas estratégicas a nivel de la firma, relaciones con los inversores y desarrollo de liderazgo. Mitchell Goldstein y Michael Smith continuarán como Co-Líderes del Grupo de Crédito de Ares, mientras que Michael Dennis y Matt Theodorakis liderarán la estrategia de Préstamos Directos en Europa.
En un movimiento relacionado, Kort Schnabel se convertirá en CEO de Ares Capital a partir del 30 de abril de 2025, con Jim Miller continuando como único Presidente. deVeer, quien se unió a Ares en 2004, ha sido fundamental en la construcción del Grupo de Crédito, mientras que Jacobson, quien se unió en 2012, estableció la plataforma de Préstamos Directos Europeos de Ares.
Ares Management (NYSE: ARES)는 Kipp deVeer와 Blair Jacobson을 공동 사장으로 즉각 임명했습니다. 두 사람은 각각 뉴욕과 런던에 본사를 두고 CEO Michael Arougheti에게 보고할 것입니다.
임원들은 신용 그룹 관리 역할에서 전환하여 전사적인 전략적 이니셔티브, 투자자 관계 및 리더십 개발에 집중할 것입니다. Mitchell Goldstein과 Michael Smith는 Ares의 신용 그룹의 공동 책임자로 계속 활동하며, Michael Dennis와 Matt Theodorakis는 유럽 직접 대출 전략을 이끌 것입니다.
관련된 조치로 Kort Schnabel은 2025년 4월 30일 Ares Capital의 CEO가 되며, Jim Miller는 단독 사장으로 계속합니다. 2004년 Ares에 합류한 deVeer는 신용 그룹의 구축에 중요한 역할을 했으며, 2012년에 합류한 Jacobson은 Ares의 유럽 직접 대출 플랫폼을 수립했습니다.
Ares Management (NYSE: ARES) a nommé Kipp deVeer et Blair Jacobson co-présidents, avec effet immédiat. Tous deux rapporteront au PDG Michael Arougheti tout en continuant de travailler respectivement à New York et à Londres.
Les dirigeants passeront de leurs rôles de gestion du groupe Crédit pour se concentrer sur des initiatives stratégiques à l'échelle de l'entreprise, les relations avec les investisseurs et le développement du leadership. Mitchell Goldstein et Michael Smith continueront en tant que co-responsables du groupe Crédit d'Ares, tandis que Michael Dennis et Matt Theodorakis dirigeront la stratégie de prêts directs en Europe.
Dans un mouvement connexe, Kort Schnabel deviendra PDG d'Ares Capital à compter du 30 avril 2025, Jim Miller continuant en tant que président unique. deVeer, qui a rejoint Ares en 2004, a joué un rôle clé dans la création du groupe Crédit, tandis que Jacobson, qui a rejoint en 2012, a établi la plateforme de prêts directs européens d'Ares.
Ares Management (NYSE: ARES) hat Kipp deVeer und Blair Jacobson sofort zu Co-Präsidenten ernannt. Beide werden an CEO Michael Arougheti berichten und weiterhin in New York und London ansässig sein.
Die Geschäftsführer werden von ihren Positionen im Credit Group Management wechseln, um sich auf unternehmensweite strategische Initiativen, Investorenbeziehungen und Führungskräfteentwicklung zu konzentrieren. Mitchell Goldstein und Michael Smith werden weiterhin Co-Leiter der Credit Group von Ares, während Michael Dennis und Matt Theodorakis die europäische Direktkreditstrategie leiten.
In einem damit zusammenhängenden Schritt wird Kort Schnabel ab dem 30. April 2025 CEO von Ares Capital und Jim Miller wird weiterhin alleiniger Präsident sein. deVeer, der 2004 zu Ares kam, war maßgeblich am Aufbau der Credit Group beteiligt, während Jacobson, der 2012 eintrat, die europäische Direktkreditplattform von Ares etablierte.
- Strategic leadership expansion with two experienced executives appointed as Co-Presidents
- Maintains operational continuity in Credit Group with existing co-heads
- Clear succession planning demonstrated with Kort Schnabel's appointment as future Ares Capital CEO
- None.
Michael Arougheti to Continue as Chief Executive Officer
Mr. deVeer and Mr. Jacobson will transition from their day-to-day management in the Credit Group to work closely with Mr. Arougheti to help drive firm-wide strategic and operational initiatives, support critical investor and counterparty relationships, and continue to develop the next generation of leaders at Ares.
In connection with these appointments, Mitchell Goldstein and Michael Smith will continue to serve as Co-Heads of Ares’ Credit Group, which they have co-led since 2017. Michael Dennis and Matt Theodorakis will continue to jointly lead the European Direct Lending strategy.
“Senior talent development has been and will continue to be a top priority at Ares,” said Mr. Arougheti. “As a result, we are fortunate to have many leaders who have demonstrated their ability to manage at the highest level. I have had the pleasure of working closely with Kipp and Blair over the past 30 years, witnessing firsthand their ability to innovate and build highly successful businesses at the firm. As proven leaders, I am confident that they will make significant positive impact in their new roles. I look forward to continuing to work with them in their newly expanded positions for years to come.”
“I am very honored and humbled to be named a Co-President of this firm and feel fortunate to share this role with Blair, with whom I have worked for more than a decade as we helped build the global Credit Group at Ares,” said Mr. deVeer. “I also wanted to acknowledge and thank Mitch Goldstein and Michael Smith for the incredibly strong partnership we have had as Heads of the Credit Group. They are long-time trusted friends and colleagues, and I look forward to continuing to work with them and the many other talented senior leaders across the firm in my new role as we continue to build upon our history of growth and success.”
“I am so proud of the business and market leadership position that Mike Dennis and I have helped establish for Ares’ direct lending business in
Concurrent with the elevation of Mr. deVeer to Co-President of Ares, Ares Capital Corporation (“Ares Capital”), which is externally managed by a subsidiary of Ares, also announced the appointment of Kort Schnabel as Chief Executive Officer of Ares Capital, effective April 30, 2025. Jim Miller, who currently serves as Co-President of Ares Capital alongside Mr. Schnabel, will continue as sole President of Ares Capital.
Mr. deVeer joined Ares in 2004 and has been a key architect in founding and building the Ares Credit Group. Under his leadership alongside Mr. Goldstein and Mr. Smith, the Credit Group has experienced significant growth and today represents Ares’ largest business. In addition to his responsibilities in overseeing the Credit Group, Mr. deVeer has also served as Chief Executive Officer of Ares Capital since 2014. He currently serves as a Director on the Ares Management Board of Directors and on the Investment Committee for the
Mr. Jacobson joined Ares in 2012 to build Ares’ market-leading European Direct Lending platform. Mr. Jacobson served as Co-Head of Ares’ European Credit team, and he also serves on the boards of Ares Management Limited, Ares Management
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2024, Ares Management Corporation's global platform had over
View source version on businesswire.com: https://www.businesswire.com/news/home/20250205840475/en/
Investors
Carl Drake or Greg Mason
irares@aresmgmt.com
Media
Priscila Roney, +1 212-808-1185
Jacob Silber, +1 212-301-0376
media@aresmgmt.com
Source: Ares Management Corporation
FAQ
Who are the new Co-Presidents of Ares Management (NYSE: ARES)?
When will Kort Schnabel become CEO of Ares Capital ?
What changes are happening in Ares Management's Credit Group leadership?
What will be the new responsibilities of Ares' Co-Presidents?
Where will Ares Management's new Co-Presidents be based?
