Blackstone Creates Corporate Credit, Asset-Based Finance, Insurance Group
Blackstone Credit & Insurance could help push the firm to $2 trillion AUM.
Corporate Moves
Global Endowment Management Hires Dogan Perese as COO
Perese previously spent 14 years at Bridgewater Associates.
KKR, USI Insurance Buy USI Shares From CDPQ
KKR is increasing its equity in the insurance broker and consultant to continue driving long-term growth.
PGIM Real Estate Promotes Cathy Marcus, Raimondo Amabile to Co-CEO Roles
The duo will retain their current duties under former CEO Eric Adler, who will helm newly formed PGIM Private Alternatives.
NTAM Appoints Anwiti Bahuguna Chief of Asset Allocation
The economist was a key player at Columbia Threadneedle.
US Bancorp Names Marc Ammaturo to Key Institutional OCIO Post
The finance veteran will helm distribution efforts in the firm’s expansion bid.
New CIOs Join Mercer, Principal
Mercer names a leader for its US outsourced CIO practice, and Principal Asset Management appoints a CIO and global head of equities.
Ariel Investments Promotes Henry Mallari-D’Auria to CIO of Global, Emerging Markets
He will succeed Rupal Bhansali, who is leaving to start her own firm.
BNY Mellon Wealth Management Promoting Sinead Colton-Grant to CIO in 2024
Leo Grohowski will retire at the end of the year after 16 years leading the firm’s investment strategy.
Much-Touted Reshoring Movement May Be Derailed, BofA Warns
Labor and mineral shortages, plus other problems, stand in the way, a bank study says.
BlackRock Launches New Zealand Strategy for Institutional Investors
The firm aims to raise $1.2 billion to invest in the country’s climate infrastructure.
TCW Group Acquires Engine No. 1’s ETF Business
The San Francisco-based firm’s Transform platform manages more than $600 million in US equity ETFs.
Teamsters Drop Yellow Strike Threat After Central States Pension Extends Benefits
The union threatened to strike over a missed $50 million payment by subsidiaries of Yellow, which accused the Teamsters of breaching their CBA.
Hamilton Lane Names New CFO in Leadership Shuffle
Revamp taps three other executives for new roles and follows elevation of Andrea Kramer to chief operating officer in May.
Abrdn Sells US Private Markets Business to HighVista Strategies
The Scottish investment giant will transfer $4 billion in AUM and 30 employees to the Boston-based alts manager.