KKR Hires BlackRock’s Ryan Stork as Chief Operating Officer

(Bloomberg) -- KKR & Co. hired BlackRock Inc. veteran Ryan Stork as chief operating officer. 

Stork, 50, most recently deputy COO for BlackRock, was also named a partner at New York-based KKR, according to a statement Monday. His appointment took effect Jan. 3, a separate regulatory filing shows.

Stork said he’s looking forward “to partnering with colleagues globally to support the investment, technology and operating needs that will enable us to serve our clients even better,” according to the statement. 

During a career spanning more than two decades at BlackRock, the world’s biggest asset manager, Stork had served as chairman of the Asia-Pacific region and global head of Aladdin, the firm’s investment and risk-management technology platform. He also had worked as global head of the institutional client business in Continental Europe.

Stork will receive a base salary of $300,000, as well as 400,000 restricted stock units with time and market-based vesting conditions involving a range of price targets between $100 and $140 a share that would be worth $27.7 million based on KKR’s closing price on Monday. He also will be eligible to receive an annual discretionary bonus and carried interest, which is the cut of profits on deals, according to the filing.

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