KKR today announced that Jorge Fergie is joining the firm as Managing Director to head its São Paulo, Brazil office and business development in Brazil, effective March 1, 2013. In this role, Jorge will work with KKR’s global investment teams and KKR Capstone, operational improvement experts who work exclusively with our portfolio companies, to lead KKR's investment activity in Brazil. Henry Kravis and George Roberts, Co-Founders and Co-Chief Executive Officers of KKR, stated: “As one of the world’s largest economies, Brazil is an important area of growth for KKR. Jorge Fergie is a great leader for our business and we’re confident he will further enable us to find and act on good opportunities for our investors.” Prior to this appointment, Mr. Fergie spent nearly 29 years at McKinsey & Company (“McKinsey”) where he was instrumental in establishing McKinsey’s business in Brazil and throughout Latin America. He is a seasoned executive who has served as an advisor to governments and leading Latin American and multinational companies, supporting them in major transformational programs, including identifying and implementing operational improvements, restructurings and privatization programs. He most recently led the Private Equity practice at McKinsey in Brazil and Latin America. Prior to that he led the Media and Telecom practices and worked in a wide variety of key sectors of the economy. “We are very excited to have Jorge join us and work with Henrique Meirelles to continue building our business in Brazil. Jorge’s deep strategic and operational expertise and history of helping companies achieve their ambitions fits well with our investment approach,” said Alex Navab, Member of KKR and Co-head of the firm’s private equity business in the Americas. “Jorge’s appointment is an important milestone in our growth in and commitment to Brazil.” In June, 2012, KKR appointed Henrique Meirelles, former Governor of the Central Bank of Brazil and former President of FleetBoston's Corporate and Global Bank, as a Senior Advisor to the firm.