Ares appoints new COO and head of strategy

Alternative investment manager Ares has appointed Peter Ogilvie as its new chief operating officer and head of strategy.

He will be responsible for scaling some of Ares’ key global operating capabilities and will support the leadership team in executing the firm’s strategic growth initiatives.

The appointment represents an internal promotion, with Ogilvie previously serving as partner and head of the firm’s corporate strategy group. Ogilvie joined Ares in 2007 on the direct lending team and became instrumental in several of the firm’s acquisitions, including Allied Capital, American Capital, Black Creek Group, Landmark Partners and GCP International.

“I am honoured to take on this expanded role and to continue working alongside the exceptional team at Ares,” said Ogilvie, who is also a member of the firm’s operating committee and serves on the board of investment firm Vinci Compass. “I look forward to supporting the firm’s next phase of growth and innovation.”

Ares manages approximately $623bn (£461.3bn) of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East.

Prior to joining Ares, Ogilvie worked in the leveraged finance and restructuring group at Credit Suisse.

“Peter has been a transformational leader within Ares for nearly two decades,” said Ares’ chief executive Michael Arougheti. “His deep strategic expertise, his proven ability to execute complex initiatives and his unwavering commitment to our culture make him well-suited for this role.”