Reuters: Private Equity: UPDATE 1-KKR appoints John Mack as senior adviser

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UPDATE 1-KKR appoints John Mack as senior adviser Mar 27th 2012, 12:17 March 27 | Tue Mar 27, 2012 8:17am EDT March 27 (Reuters) - Kohlberg Kravis Roberts & Co said it has appointed former Morgan Stanley chief executive John Mack as a senior adviser to the firm. Mack was earlier the chairman of Morgan Stanley from 2005 to 2011 and the co-chief executive of Credit Suisse Group. He will advise KKR on its investment activities. "The volatile economic environment has created a demand for both capital and operational expertise and I am proud to join a team that offers both of those things," Mack said in a statement. "John Mack is a great leader who we believe will add enormous value to KKR's investors, partners and our portfolio. He will help make us smarter investors and strengthen our firm," Henry Kravis, co-chief executive officer of KKR said.

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