KKR Hires First Head of Defined Contribution in 401(k) Push

KKR & Co. hired its first head of defined contribution as the alternative asset manager looks to make its investments a bigger presence in retirement products for individuals.

Melissa Kivett joined KKR last month to lead the firm’s efforts to build investment products and develop distribution partnerships to sell its private assets in the defined-contribution market, including 401(k)s.

She’ll spearhead that work for the firm’s alternatives business as well as its Global Atlantic annuities arm. Kivett was recently head of corporate retirement solutions and business development at TIAA, where she oversaw its work in the defined-contribution market.

Kivett ...