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KKR Announces Formation of Global Wealth Investment Council

By: via Business Wire

KKR, a leading global investment firm, today announced the launch of its Global Wealth Investment Council (“GWIC”). Comprised of ten experts from leading wealth management firms around the world, the GWIC is designed to serve as a forum for constructive dialogue and knowledge exchange on the topics of macroeconomics, capital markets, asset allocation and the role of private markets in individual portfolios.

“We are thrilled to convene an esteemed and diverse group of investment experts for this first-of-its-kind initiative,” said Paula Campbell Roberts, Chief Investment Strategist for Global Wealth at KKR and Chair of the GWIC. “We believe that through collaboration and dialogue, we can develop actionable insights that benefit not only our respective organizations but also the broader investment community.”

“Open communication and exchange of ideas and insights are core to our business and ability to serve the private wealth community,” said Eric Mogelof, Partner and Head of Global Client Solutions at KKR. “By bringing together these leading minds in wealth management, we hope to create a resource that supports our industry in bringing the benefits of alternatives to more investors.“

Members of the GWIC include:

  • Sid Ahl, CFA – Co-CIO of Private Clients, Endowments and Foundations, Brown Advisory
  • Karim Cherif – Head of Alternatives, Chief Investment Office, UBS Wealth Management International
  • Jean Chia – Global Chief Investment Officer, Bank of Singapore
  • Jason Draho, PhD – Head of Asset Allocation Americas, UBS Global Wealth Management
  • Christopher “Kif” Hancock – Chief Investment Officer for International, Brown Advisory
  • Tomochika Kitaoka – Managing Director, Chief Strategist, Nomura Securities Fiduciary Research and Consulting, CIO Management Division
  • Stephanie Link – Chief Investment Strategist and Portfolio Manager, Hightower Advisors
  • Lisa Shalett – Chief Investment Officer, Morgan Stanley Wealth Management

To mark the launch of the GWIC, KKR surveyed its members on their key macroeconomic views and thoughts on asset allocation. Key takeaways included:

  • Concerns about sticky inflation, and the potential slowdown in consumer spending and job growth are top of mind for GWIC members.
  • The majority of the GWIC members believe that of the major global economies North America is best positioned for economic growth in 2024 and China is the most challenged.
  • Most GWIC members believe that the economy will experience a ‘soft landing’ but views were more mixed on the timing of rate cuts and the outlook for the U.S. dollar.
  • Most GWIC members pointed to AI and transformative tech as the most important theme to get right in 2024.
  • From an asset allocation perspective, most of the members believe that High-Net-Worth individuals are overweight to cash and underweight to Alternatives this year. They also believe that stock/bond correlations are likely to remain high in 2024, driving the need to source diversification elsewhere.
  • The majority of members believe that generating income is the most popular goal of High-Net-Worth Investors in 2024.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at

The views expressed in this release are the non-binding views of the Global Wealth Investment Council (GWIC) and do not necessarily reflect the views of KKR or of the strategies and products that KKR manages or offers. Nothing contained herein constitutes investment, legal, tax or other advice nor is it to be relied on in making an investment decision or any other decision. This release is prepared solely for information purposes, and it should not be viewed as a current, past or future recommendation or a solicitation of an offer to buy or sell any securities or to adopt any investment strategy. This release contains forward-looking statements, which are based on beliefs, assumptions and expectations that may change as a result of many possible events or factors. If a change occurs, actual results may vary materially from those expressed in the forward-looking statements. All forward-looking statements speak only as of the date such statements are made, and neither KKR nor the GWIC assumes any duty to update such statements except as required by law.


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