Michael Nguyen
About Michael Nguyen
Michael Nguyen (born 1982) serves as Chief Compliance Officer (CCO) of KKR Income Opportunities Fund (KIO), holding the office since June 2022; he is also a Director at KKR Credit Advisors (US) LLC since 2023 and previously served as Secretary and Vice President of the Fund (2019–2022) and as a Principal at KKR Credit Advisors (US) LLC (2013–2023) . As CCO, he provides quarterly compliance reports to the Board and interfaces with the Audit Committee on legal and regulatory compliance, indicating an oversight role central to fund controls and risk management . Nguyen is designated as a proxy signatory for shareholder meetings and agreements and holds attorney‑in‑fact authority for Section 16 filings for certain officers, underscoring his operational and governance remit .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| KKR Income Opportunities Fund (KIO) | Secretary and Vice President | 2019–2022 | Legal/compliance leadership for fund operations |
| KKR Credit Advisors (US) LLC | Principal | 2013–2023 | Compliance and advisory functions within KKR Credit |
| KKR Credit Advisors (US) LLC | Director | 2023–present | Senior oversight within adviser supporting fund governance |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| None disclosed | — | — | Proxy lists officer occupations; no external public company directorships disclosed for Nguyen |
Fixed Compensation
- Officer cash compensation (base salary, bonus) is not disclosed in the Fund’s definitive proxy; the proxy provides compensation schedules for Independent Trustees only, with no officer pay details for Nguyen .
- No disclosure of perquisites, pension/SERP, deferred compensation, or tax gross‑ups for officers in the proxy .
Performance Compensation
- No disclosure of RSU/PSU grants, options, performance metrics, or vesting schedules for officers; compensation tables relate solely to Independent Trustees .
- No clawback, severance, or change‑of‑control terms disclosed for officers in the proxy .
Equity Ownership & Alignment
| Metric | As of Jan 31, 2025 |
|---|---|
| Trustees, nominees, and officers (group) beneficial ownership of Fund shares | Less than 1% |
- The proxy provides individual dollar‑range holdings for trustees but does not provide individual officer holdings; Nguyen’s individual ownership is not disclosed .
- No pledging/hedging disclosures for officers are provided in the proxy .
Employment Terms
- Office tenure: CCO since June 2022; prior fund and adviser roles as listed above .
- Contractual terms: No employment contract, severance, non‑compete, non‑solicit, garden leave, or post‑termination consulting terms for officers are disclosed in the proxy .
- Governance authorities: Nguyen is named as proxy signatory for Fund proxy cards and agreements and as attorney‑in‑fact for Section 16 filings for certain officers (e.g., Justin Takao), reflecting delegated compliance and filing authority .
- Contact/notice details in transactional documents designate Nguyen for Fund notices (40 Act legal compliance), further evidencing his compliance lead role .
Board Governance (context)
- The Board met six times in FY2024; Independent Trustees served on Audit and Nominating Committees. The Board receives quarterly reports from the chief compliance officer, aligning Nguyen’s role with ongoing risk oversight .
- Audit Committee responsibilities include oversight of internal control over financial reporting and legal/regulatory compliance; Lourdes Perez‑Berkeley serves as Chair and is designated an audit committee financial expert .
Performance & Track Record
- Transactional execution: Nguyen signed Fund agreements and was referenced among executive officers with relevant “Acquiring Fund’s Knowledge” representations in the Insight Select Income Fund reorganization filings, evidencing operational execution in material transactions .
- Organizational changes: CFO transition (Thomas Murphy resignation; appointment of Justin Takao) occurred Oct 31–Nov 1, 2025; Nguyen holds POA authority to file Takao’s Section 16 forms, supporting continuity in compliance operations .
Investment Implications
- Pay‑for‑performance levers: The absence of disclosed officer compensation metrics (cash/equity/targets) and equity awards for Nguyen reduces conventional pay‑performance alignment signals and diminishes near‑term insider selling pressure indicators from officer vesting/option exercises .
- Ownership alignment: Group ownership by trustees/nominees/officers is <1%, limiting direct economic alignment with KIO common shareholders; this is typical for externally‑advised registered funds but does temper insider alignment signals .
- Governance/controls: Nguyen’s role as CCO and designated proxy/POA indicates strong compliance infrastructure and continuity in filings and transactional documentation—supportive for operational risk management, though not inherently a trading catalyst .
- Monitoring: With officer compensation and equity awards not disclosed, monitor future 8‑K Item 5.02 filings and proxies for any changes in officer appointments or the emergence of comp structures tied to performance; also track Fund documents for any officer ownership updates .