Bruce Karpati, a former top attorney at the U.S. Securities and Exchange Commission, is joining KKR & Co. as the private-equity firm’s global chief compliance officer.Karpati left the SEC in May 2013 after twelve years with the agency. He oversaw 75 lawyers as head of the enforcement division’s asset-management unit.
I'm sure he'll be working to defend KKR's PEU fees. Karpati sounds like a name from a Mafia crime family. My guess is he'll aid the wider PEU family through their trade group, which I've nicknamed PECKER (Private Equity Capital Knowledge Executed Responsibly). KKR's Ken Mehlman is currently Chairman of PECKER.
I bet Karpati helps KKR and whole PEU lot. They know the value of employing ex-politicians, bureaucrats and regulators.