Alternative asset manager FS Investments has promoted Chief Investment Officer (CIO) Mike Kelly (pictured), to President with immediate effect. Kelly will remain as CIO.
In his expanded role, Kelly will continue to serve on the firm’s Executive Committee, oversee 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,” says 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.”
“I’m proud of our mission and appreciate the opportunity to help lead this great organisation,” adds Kelly. “We have assembled a group of incredibly dedicated colleagues and I look forward to continuing to work with them as we expand our offerings and our distribution.”
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.
Kelly holds a BS from Cornell University and an MBA from Stanford University’s Graduate School of Business, where he has served as a trustee on the GSB Trust.
