Private equity giant has made equity investments totalling €8bn in France since 2002

Buyout firm KKR has recruited its first head of France, Jérôme Nommé from Sun Capital to lead its private equity investing in the country.

Nommé will join on September 1 and will be based in Paris, KKR said in an announcement. Nommé will work closely with the infrastructure, real estate and credit businesses, KKR added.

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Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

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The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

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The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

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The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

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The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

Goldman Sachs Lifts U.S. Recession Probability to 35%

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KKR hires first head of France

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