The Emerging Markets Private Equity Association (EMPEA) said on Wednesday that Sanjay Nayar, CEO of KKR India, had been elected to its board of directors, the governing body of the organisation. EMPEA, a global body dedicated to boosting private equity investments in emerging markets, serves more than 270 member firms – representing both fund management and institutional investor communities who share a belief that private equity investment in emerging markets can generate attractive returns to investors while providing unique value to companies, economies and communities.
EMPEA Chairman H. Jeffrey Leonard said, “Asia plays a huge part in the emerging market private equity story, and we are fortunate that such an experienced and committed individual will help EMPEA further serve the needs of our growing and dynamic members’ community.”
As CEO and country head of KKR India, Nayar leads the global firm’s India investment strategy. His experience spans 25 years at Citigroup, including his stint as the CEO of Citi’s Indian and South Asian operations, as well as his exposure as a member of Citigroup’s Asia Executive Committee and Global Senior Leadership Committee. He was the deputy chairman of Indian Banks’ Association (IBA), chairman of the Foreign Banks’ Committee of the IBA, a member of the Board of USIBC, co-chairman of the Banking Committee for the Federation of Indian Chambers of Commerce & Industry (FICCI) and co-chairman of the Habitat for Humanity India, under the IndiaBUILDS campaign.
Commenting on his election, Nayar said, “Emerging market investors and fund managers benefit hugely from the support provided by EMPEA. KKR has a track record of investing in and partnering with companies in emerging markets, and looks forward to contributing to EMPEA’s role of providing value to companies, economies and communities. I am honoured to be joining the diverse and talented group of individuals that form the EMPEA board as it promotes its mission in Asia and around the globe.”
Luis Miranda, now the non-executive chairman of IDFC Private Equity, is also one of the directors at EMPEA.
The Emerging Markets Private Equity Association (EMPEA) is an independent, global industry association which works to catalyse private equity and venture capital investments in the emerging markets of Africa, Asia, Central/Eastern Europe and Russia/CIS, Latin America and the Middle East. Its 270 members represent a broad array of private equity fund managers, institutional investors, service providers and other key stakeholders in the industry, representing more than 50 countries and over $900 billion in assets under management.