Citi's Nayar joins KKR India as CEO

Kohlberg Kravis Roberts (KKR) has appointed Sanjay Nayar as CEO and country head of KKR in India.

Nayar is a 23-year veteran of Citigroup, the CEO of Citi India and South Asia and a member of Citigroup’s Asia Executive Operating Committee and Senior Leadership Committee. He will be based in Mumbai.

Henry R Kravis and George R Roberts, founding partners of KKR, said: “India is now a core part of our growing global private equity and investment platform. We believe India’s compelling demographics, dynamic economy and culture of entrepreneurship will provide superior long-term investment opportunities.”

KKR will set up an office in Mumbai and will begin to recruit professionals to support this new initiative.