The Philidephia-based firm has seen strong growth in recent years, thanks its private debt business amongst other things.
The Philidephia-based firm has seen strong growth in recent years, thanks to its private debt business amongst other things.
Alternative asset manager FS Investments has promoted its chief investment officer, Mike Kelly to the newly created role of president.
The firm, which has more than $20bn in assets under management, says Kelly will continue to serve on the firm's executive committee, overseeing investment management and product development, and in addition will now direct FS's capital markets, due diligence, investment research and investor relations functions.
"Mike has been an important part of our growth and success since joining us, and we are excited to name him President as he expands his role," said Michael C. Forman, Chairman and CEO of FS Investments. "We will benefit from Mike's broader oversight and his work on some of our most critical initiatives as we continue pursuing our mission to build a complete suite of investment options that help investors access alternative sources of income and growth."
Kelly has over 25 years of experience in asset management. Prior to joining FS Investments, he was Chief Executive Officer at ORIX USA Asset Management, and Co-Chief Executive Officer and Chief Investment Officer at FrontPoint Partners. Earlier in his career, he held various positions at Tiger Management, Omega Advisors and Salomon Brothers.
FS Investments is a leading asset manager providing access to alternative sources of income and growth.