John Kissick is stepping away from the business he co-founded in 1997, with 15-year Ares veteran Kipp deVeer taking his place around the table.
Andrew Scotland becomes co-head of special situations debt in Europe, a role in which he will work alongside fellow co-head Duncan Priston.
Peter Glaser will take over the European direct lending team, supported by two senior hires.
Teiki Benveniste joins as head of the joint venture between Ares Management and Australian asset manager Fidante Partners.
The lender expects to increase its direct lending activity in Spain after making four investments last year.
The hire of Florian Kawohl is part of the firm’s intention to grow its business in Europe.
Trevor Castledine, a pioneering investor who made his name at Lancashire County Pension Fund, featured in our November 2018 list of individuals who have transformed private debt.
The firm said an increasingly diverse and complex debt market increases the need for companies to seek advice.
The firm will focus additional strategies it will roll out on other real assets, similar to its railcar and aviation leasing products.
A good investor is like a good gambler, the financial luminary argues. They focus on process rather than product.