ARES - Leadership updates

DURHAM, NC, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Aspida Holdings Ltd. ("Aspida") today announced the appointment of Aaron Sarfatti as Chief Risk Officer. In this role, Sarfatti will lead Aspida’s enterprise risk function, helping strengthen the company’s risk management capabilities and supporting disciplined growth across its retirement and reinsurance businesses. Sarfatti joins Aspida with more than 20 years of experience across financial services, annuity product development, and asset management, bringing deep expertise in enterprise risk management, corporate strategy, and business growth. Most recently, he served as Chief Strategy Officer of Equitable Holdings, Head of the Institut

DURHAM, NC, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Aspida Holdings Ltd. ("Aspida") today announced the appointment of Brian Lewis as Chief Financial Officer of Aspida Life Re Ltd. ("Aspida Re"). Based in Hamilton, Bermuda, Lewis will oversee the financial operations of Aspida Re, a Bermuda-based reinsurance platform. Lewis joins Aspida with more than 13 years of leadership experience across reinsurance finance, capital management, and regulatory reporting. Most recently, he served as Finance Chief of Staff at Fortitude Re, where he led finance transformation initiatives, advised executive leadership on strategic priorities, and drove cross-functional programs spanning finance, actuarial, a

NEW YORK, July 2, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600: Midera Food Processing Inc. (NASD: MFP) will replace Redwood Trust Inc. (NYSE:RWT)  effective prior to the opening of trading on Wednesday, July 8. S&P MidCap 400 constituent The Middleby Corp. (NASD: MIDD) is spinning off Midera Food Processing in a transaction that is expected to close July 7. Redwood Trust is no longer representative of the small cap market space.Centrus Energy Corp. (NYSE:LEU) will replace Whitestone REIT (NYSE:WSR) effective prior to the opening of trading on Tuesday, July 14. S&P 500 constituent Ares Management Corp. (NYSE:ARES) is acquiring Whitestone

Lorenzo Ceretti Joins Roopa Murthy as Co-Head of EMEA Infrastructure Debt Ares Management Corporation (NYSE:ARES) ("Ares"), a leading global alternative investment manager, announced today that Brent Canada has been appointed Head of Ares Infrastructure Debt. Mr. Canada joined Ares as a Partner in 2022 from Deutsche Bank, where he was a Managing Director and responsible for infrastructure financing coverage in the Americas. After leading the Infrastructure Debt team at Ares since its acquisition in 2022, Patrick Trears has decided to transition to Senior Advisor from his role as Head of Ares Infrastructure Debt. In addition, underscoring the expanding opportunity in the global infrastru

Ares Management Corporation (NYSE:ARES) ("Ares"), a leading global alternative investment manager, announced today that Peter Ogilvie has been appointed as Chief Operating Officer and Head of Strategy, where he will support the leadership team in executing the firm's strategic growth initiatives while scaling some of Ares' key global operating capabilities. Mr. Ogilvie currently serves as a Partner and Head of the Ares Corporate Strategy Group, where he has played a central role in shaping the firm's long‑term strategic direction. He joined Ares in 2007 on the direct lending team and has been instrumental in the acquisitions of Allied Capital, American Capital, Black Creek Group, Landmark

Edwin Wong Retiring as Head of Asia Credit Ares Management Corporation (NYSE:ARES) ("Ares"), a leading global alternative investment manager, announced today that E.G. Morse will join Ares as Partner and Head of Asia Credit. Mr. Morse most recently served as Co-Head of China and Head of China Global Markets for Goldman Sachs Group, Inc. ("Goldman Sachs"). Ares is also pleased to announce the appointment of Dinesh Goel and Gabriel Fong as Co-Heads of the Asia Special Situations strategy, effective immediately. After a distinguished tenure, Edwin Wong has decided to retire from his role as Head of Asia Credit, effective June 30, 2026. Mr. Morse will be based in Hong Kong. He will be respo

NEW YORK, Dec. 8, 2025 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500 and S&P SmallCap 600:  Ares Management (NYSE:ARES) will replace Kellanova (NYSE:K) in the S&P 500 effective prior to the open of trading on Thursday, December 11. Mars Inc. is acquiring Kellanova in a deal expected to close soon, pending final closing conditions.Vital Farms Inc. (NASD: VITL) will replace Heidrick & Struggles Intl Inc. (NASD: HSII) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, December 11. Advent International and Corvex Private Equity are acquiring Heidrick & Struggles Intl in a deal expected to be completed soon, pending final closing

Durham, NC, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Aspida Holdings Ltd. ("Aspida"), a life insurance and annuity company, announced today the appointment of Suzanne Sadlier as Head of Regulatory Affairs. In this role, Ms. Sadlier will oversee regulatory engagement across Aspida's U.S., Bermuda, and Cayman platforms. Ms. Sadlier brings more than two decades of leadership in international insurance, captive management, and regulatory oversight. She previously served as Executive Vice President of Captive Management at Artex Risk Solutions, overseeing strategic operations across multiple regions with 80+ indirect reports and P&L responsibility for six business strategies including P&C reinsuran

Julie Solomon to Continue Leading Growth of Real Estate Business Ares Management Corporation (NYSE:ARES) ("Ares"), a leading global alternative investment manager, announced today that it has appointed Bill Benjamin, current Co-Head of Ares Real Estate, to the newly created position of Vice Chairman of Ares, effective January 1, 2026. The Ares Real Estate team will continue to be led by Julie Solomon as the global Head of Real Estate. In his role as Vice Chairman, Mr. Benjamin will report to Kipp deVeer and Blair Jacobson, Co-Presidents of Ares, and will remain based in London. He will continue to focus on partnering with Real Estate leadership on strategic initiatives and relationships

Ares Management Corporation ("Ares") (NYSE:ARES), a leading global alternative investment manager, announced today that Anup Agarwal has joined the firm as a Partner and the new Head and Chief Investment Officer of Ares Insurance Solutions ("AIS"). Mr. Agarwal will work alongside newly appointed AIS Chairman David Reilly and former AIS Chief Investment Officer Rajesh Krishnan, who will transition his efforts to expanding third-party insurance asset management and origination. Mr. Agarwal brings more than 25 years of investment experience to AIS, where he will lead the investing activities for Ares with respect to Aspida Holdings Ltd. ("Aspida"), a life insurance and annuity company with o

Ms. Cole to Coordinate and Support Ares' Network of Strategic Banking Relationships and Investment Sourcing Ares Management Corporation (NYSE:ARES) ("Ares"), a leading global alternative investment manager, announced today the appointment of Sarah Cole as Partner and Co-Head of the Ares Global Capital Solutions team alongside current Partner and group Co-Head Roshan Chagan. In this newly created role, Ms. Cole will be responsible for enhancing Ares' strategic relationships with the banking, insurance and broader capital markets community. She will partner with senior leaders across Ares to deliver the advantages of its broad underwriting and financing capability to source new investment

Ares Management Corporation (NYSE:ARES) ("Ares") announced today that Joel Holsinger, Partner and Co-Head of Ares' Alternative Credit strategy, was appointed to the Board of Directors of the Ares Charitable Foundation (the "Ares Foundation") to serve as Co-Chair alongside current Chair, Michael Arougheti, Chief Executive Officer of Ares. Since its launch in 2021, the Ares Foundation has committed more than $66 million to a global portfolio of nonprofit organizations to help people access the knowledge, resources and opportunities needed to chart pathways to self-sufficiency and drive strong local economies. To do so, the Ares Foundation awards grants and funds initiatives that strive to he

HAMILTON, Bermuda, March 26, 2025 (GLOBE NEWSWIRE) -- Aspida Life Re Ltd. ("Aspida Re"), a reinsurance company focused on providing life and annuity reinsurance solutions to companies globally, announced today the recent appointment of Elinor Friedman, FSA, MAAA to its Board of Directors ("the Board"). Ms. Friedman's extensive product development and pricing knowledge will complement and add broader insight to Aspida Re's board composition. Ms. Friedman is a seasoned actuary with vast experience in the life insurance and reinsurance space. From 2013 to 2024, she served as Managing Director at Willis Towers Watson where she provided consulting services to large and mid-size insurers and re

Michael Arougheti to Continue as Chief Executive Officer Ares Management Corporation (NYSE:ARES) ("Ares"), a leading global alternative investment manager, announced today that it has appointed Kipp deVeer and Blair Jacobson to the newly created positions of Co-Presidents, effective immediately. Both Mr. deVeer and Mr. Jacobson will report to Michael Arougheti, Ares' Chief Executive Officer. Mr. deVeer and Mr. Jacobson will continue to be based in New York and London, respectively. Mr. deVeer and Mr. Jacobson will transition from their day-to-day management in the Credit Group to work closely with Mr. Arougheti to help drive firm-wide strategic and operational initiatives, support criti

Kipp deVeer to Step Down as CEO Effective April 30, 2025, and Will Remain as a Board Director Ares Capital Corporation (NASDAQ:ARCC) ("Ares Capital" or the "Company") announced today that Co-President Kort Schnabel has been appointed as Chief Executive Officer of the Company, effective April 30, 2025. Concurrently, Kipp deVeer will be stepping down as CEO and will remain a member of the Board of Directors. Mr. deVeer will also continue to serve as a member of the Investment Committee of Ares Capital's investment adviser. Jim Miller, who was appointed Co-President of Ares Capital in October 2024, will continue as the Company's sole President. Mr. Schnabel joined Ares Management Corporati

Ares Management Corporation (NYSE:ARES) ("Ares") announced today that Kevin Alexander, Partner in Ares' Alternative Credit strategy, has been promoted to Co-Head of Alternative Credit alongside current Co-Heads Keith Ashton and Joel Holsinger, effective immediately. Mr. Alexander joined Ares in 2019 and has been a key leader and contributor to the Alternative Credit team's growth and success, playing an instrumental role in the strategy's investment origination and structuring efforts. Currently, Mr. Alexander serves as a member of the Ares Alternative Credit and Pathfinder Investment Committees, the Ares Credit Secondaries Investment Committee and the Ares Insurance Solutions Investment

Michael Smith and Mitch Goldstein Appointed as Co-Chairmen of Board of Directors Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that James ("Jim") R. Miller was appointed as Co-President to serve alongside current Co-President, Kort Schnabel. Concurrently, Ares Capital's Board of Directors was expanded by one member. Mitchell ("Mitch") Goldstein joined Ares Capital's Board of Directors, and Mitch Goldstein and Michael L. Smith have been appointed to serve as Co-Chairmen of Ares Capital's Board of Directors. Michael Arougheti will cease to serve as Chairman of Ares Capital's Board of Directors but will continue to serve as a Director. Kipp deVeer will continue in hi

Transaction Reinforces AIR's Presence in Europe and Enhances its Capabilities for Integration of Advanced Robotics into Automated Systems Vivian Farrell Promoted to President of Automated Industrial Robotics, Ireland Automated Industrial Robotics Inc. ("AIR" or the "Company") today announced the acquisition of Robotics & Drives ("RDS"), an Ireland-based industrial automation company focused on delivering innovative solutions through robotics technology. The transaction further reinforces AIR's presence in Europe, strengthens the Company's ability to integrate robotics solutions into its automated systems and adds to the product portfolio. The transaction was funded primarily by an additio

Move Expected to Enhance Collaboration Across Ares' Leading Credit Platform Aaron Rosen and Craig Snyder Named Co-Heads of Opportunistic Credit Ares Management Corporation (NYSE:ARES) today announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm's Credit Group and will be named Opportunistic Credit. Moving the strategy to the Credit Group is expected to enable greater collaboration across the Ares platform, enhancing benefits to Ares' limited partners, sponsor partners and portfolio companies. The Opportunistic Credit team will build on the accomplishments of the Special Opportunities strategy and leverage the e

Ares Management Corporation (NYSE:ARES) ("Ares") announced today that Julie Solomon, Global Chief Operating Officer of Ares Real Estate, has been promoted to Co-Head of Real Estate alongside Bill Benjamin, current Head of Real Estate. Effective immediately, Ms. Solomon and Mr. Benjamin together will co-lead the Ares Real Estate business globally. Ms. Solomon joined Ares in 2013 and has been an invaluable leader on the Real Estate team throughout this time as a key contributor to the team's significant organic and inorganic growth. As Global Chief Operating Officer of Ares Real Estate, she has been instrumental in driving the growth and integration of the team's portfolio management functi

Ares Private Equity Fund Invests Substantial Equity Capital to Support AIR's Growth Strategy AIR Acquires TA Systems and Modular Automation Ares Management Corporation (NYSE:ARES) announced today the launch of Automated Industrial Robotics Inc. ("AIR" or the "Company"), a newly formed industrial automation company designed to capitalize on increasing global demand for manufacturing automation solutions. An Ares Private Equity fund ("Ares") has invested substantial equity capital to support AIR's acquisition and organic growth strategy. AIR is focused on acquiring and facilitating the growth of differentiated industrial automation companies serving diverse end markets with strong opera

Penni Roll to Step Down as Chief Financial Officer of Ares Capital Corporation Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that Ares Capital's Chief Accounting Officer, Vice President and Treasurer, Scott Lem, has been appointed as its new Chief Financial Officer, effective February 15, 2024. Mr. Lem succeeds Penni Roll, who plans to step down as Ares Capital's Chief Financial Officer, effective the same date. Ms. Roll, who also serves as the Chief Financial Officer of Ares Management Corporation's ("Ares") Credit Group, will remain an officer of Ares Capital and at Ares in a senior leadership capacity. Since joining Ares in 2003, Mr. Lem has served in a numb

Interstate Waste Services Completes Debt Recapitalization Littlejohn & Co. LLC ("Littlejohn"), a private investment firm based in Greenwich, CT, and Interstate Waste Services ("IWS" or the "Company") today announced that funds managed by the Private Equity Group of Ares Management Corporation (NYSE:ARES) have agreed to acquire a significant equity stake in IWS. Littlejohn and Ares funds will each have significant ownership stakes in the Company. Alongside the equity transaction, IWS also announced that it has completed a debt recapitalization with a new first-lien term loan via a JP Morgan-led arranger group. Terms of the transactions were not disclosed. Headquartered in Teaneck, New Je

Founding CEO Tom McAlpin to retire as CEO and transition to Chairman of the Board of Directors. President and CXO Nirmal Saverimuttu named CEO. MIAMI, Sept. 8, 2023 /PRNewswire/ -- Virgin Voyages (the "Company"), the multi, award-winning cruise brand from Richard Branson's Virgin Group, today announced it has closed on a $550 million capital raise to accelerate its growth plans. The funding round was led by funds managed by the Private Equity Group of Ares Management ("Ares"), a leading global alternative investment manager, and also includes additional capital from existing investors including Virgin Group and Bain Capital. The new funding raise will enable Virgin Voyages to strengthen its

Dwight Merriman, Partner and Head of Ares Industrial Management, named Chair of AIM, Co-Chair of Board of Directors of AIREIT and Chair of the Industrial IC Dave Fazekas, Partner and Chief Investment Officer of Ares Industrial Management, named Head of AIM and Co-President of AIREIT Ares Management Corporation (NYSE:ARES) ("Ares"), a leading global alternative investment manager, announced today that Dwight Merriman has been appointed as the Chair of Ares Industrial Management ("AIM"). In connection therewith, Mr. Merriman has been named the Co-Chair of the Board of Directors of Ares Industrial Real Estate Income Trust ("AIREIT"), alongside Bill Benjamin, Partner and Global Head of Ares R

Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that Jana Markowicz was appointed as its Chief Operating Officer (COO). In this newly created role, Ms. Markowicz will also serve as COO of Ares Management's ("Ares") U.S. Direct Lending strategy where she will collaborate with the U.S. Direct Lending Co-Heads and Investment Committee members in the management of the team and strategy. Ms. Markowicz joined Ares in 2005 as a member of the U.S. Direct Lending investment team, supporting in the negotiation and origination of private credit transactions. She has been instrumental in the growth of Ares' U.S. Direct Lending strategy, serving as Partner, Head of Product Manag

Ares Management Corporation (NYSE:ARES) ("Ares") announced today that Ashish Bhutani has joined its Board of Directors (the "Board") as an independent director. With Mr. Bhutani's appointment, the Board now comprises 11 members, including six independent directors. Mr. Bhutani is a longstanding executive in the global asset management industry with over 25 years of experience. Most recently, Mr. Bhutani served as Chairman and Chief Executive Officer of Lazard Asset Management ("LAM"), Vice Chairman of Lazard Ltd ("Lazard"), LAM's parent company, and was a member of the Board of Directors of Lazard from 2010 through June 1, 2022. As of November 30, 2022, Lazard managed approximately $221.0

Ares Management Corporation (NYSE:ARES) ("Ares") announced today that Eileen Naughton has joined its Board of Directors (the "Board") as an independent director. The Board has been expanded to 11 members, including five independent directors and one vacancy, which the Board will seek to fill in 2022 with an additional independent director. Ms. Naughton is a talented business leader with more than 30 years of corporate experience in people management, technology and global operations. Most recently, Ms. Naughton served as the Chief People Officer and Vice President of People Operations at Google, Inc. from September 2016 to January 2021. Prior to September 2016, Ms. Naughton served in a var

SAN LEANDRO, CA / ACCESSWIRE / September 20, 2021 / Energy Recovery, Inc. (NASDAQ:ERII) today announced the appointment of Lisa Pollina to its Board of Directors."Ms. Pollina's deep expertise in banking and capital markets, and her extensive leadership experience in many other forums, will be a tremendous asset as we pursue our strategy of disciplined and diversified growth. She has served as a trusted advisor to major private financial institutions as well as the U.S. Federal Reserve and served on multiple corporate boards over the years," said Robert Mao, Chairman of the Board, President and Chief Executive Officer of Energy Recovery. "Through both her global business responsibilities and

WASHINGTON, Sept. 13, 2021 /PRNewswire/ -- ALT Finance Corporation ("AltFinance") is pleased to announce the appointment of Marcus Shaw as its Chief Executive Officer. Shaw is a visionary leader with extensive experience in the technology, investment, and non-profit sectors. In his new role, he will guide AltFinance in its mission to increase diverse representation across the alternative investment industry. Today, Shaw will launch the application for the AltFinance Fellowship program at Clark Atlanta University, Howard University, Morehouse College and Spelman College. The pr

Aspida Life Re Ltd. ("Aspida Re"), a reinsurance company and subsidiary of Aspida Holdings Ltd. (together with its subsidiaries, "Aspida"), today announced that Jon Steffen has joined Aspida Re as President. As previously announced, Aspida Re was launched in December 2020 following the acquisition of F&G Reinsurance Ltd. by Aspida, which is backed by Ares Management Corporation. Based in Hamilton, Bermuda, Aspida Re provides solutions to insurance partners that are looking to optimize their balance sheets and best position their businesses for future growth. Bringing to the team a decade of Bermuda life reinsurance experience, Mr. Steffen will be focused on leading Aspida's reinsurance co

Report Highlights 2020 as an Inflection Point for Advancement of Ares' ESG Strategy Ares Management Corporation ("Ares") (NYSE:ARES), a leading global alternative investment manager, announced today the release of its inaugural sustainability report, titled Catalyzing a Better Future. This initial report, which will be updated and released on an annual basis, demonstrates 2020 as a pivotal year for Ares with ESG efforts gaining heightened focus in light of a global pandemic, increasing health and economic inequality, social justice issues and a continuing climate crisis. The report articulates Ares' overarching ESG strategy, establishes a benchmark for progress against key material issues

NEW YORK--(BUSINESS WIRE)--Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) today announced the appointment of Paula B. Pretlow to its Board of Directors as an independent director and a member of the audit committee. Ms. Pretlow’s appointment became effective February 16, 2021. Ms. Pretlow brings more than three decades of finance, investment management and business development leadership experience to the ARDC Board. Previously, Ms. Pretlow was a Senior Vice President at The Capital Group for 12 years, where she led the public fund business development and client relationship group. Her investment industry experience also includes senior roles at BlackRock and AXA Rosenbe

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) today announced that Indhira Arrington has joined the firm as Managing Director and Global Chief Diversity, Equity and Inclusion Officer. Mrs. Arrington will lead the firm’s diversity, equity and inclusion (“DE&I”) activities internally, as well as serve as an advisor to support these initiatives at portfolio companies across Ares’ investment strategies. In her role, Mrs. Arrington will be responsible for enhancing the recruitment, development, retention and advancement of professionals from diverse backgrounds. In leading these initiatives, Mrs. Arrington will partner with the firm’s Inclusion & Dive

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES) and its indirect subsidiary Aspida Holdings Ltd. (“Aspida”) jointly announced today the completion of Aspida’s previously announced acquisition of F&G Reinsurance Ltd (the “Company”) from FGL Holdings (“F&G”), a subsidiary of Fidelity National Financial, Inc. (NYSE: FNF). As part of the transaction, Aspida will enter into a strategic flow reinsurance agreement with F&G related to certain annuity products. Terms of the all cash transaction were not disclosed. The Company, a Bermuda-domiciled life and annuity reinsurer with approximately $2 billion in invested assets as of September 30, 2020, will conti