Blackstone announced the appointment of Dan Leiter as Head of International for Blackstone Credit & Insurance (BXCI). In this role, reporting to Gilles Dellaert (Global Head of BXCI), Leiter will lead the activity and expansion of BXCI in EMEA and APAC. And Michael Carruthers is appointed European Head of Private Credit, reporting to Leiter.
Blackstone is one of the world’s leading credit investors, with nearly $420 billion in assets under management (AUM) across corporate and real estate credit. BXCI’s investments span the credit markets, including direct lending, opportunistic, CLOs, high yield, infrastructure, and asset-based credit. BXCI is also a leading provider of investment management services for insurers through its capabilities in investment-grade private credit.
Leiter was previously Global Head of Securitized Products Trading in Morgan Stanley’s Fixed Income Division. Before that, he was Head of European Sales and Trading in the Securitized Products Group from 2015 to 2021. Leiter graduated Phi-Beta-Kappa from Middlebury College.
Carruthers was previously Co-Chief Investment Officer for BXCI’s European and APAC private credit businesses. And he has been with the firm since 2006 working out of the Toronto and London offices. Carruthers graduated with Honors in Business Administration from the Richard Ivey School of Business at the University of Western Ontario.
KEY QUOTES:
“We have seen extraordinary growth across our business globally, and our operations in Europe, the Middle East and Asia have been significant drivers of our success. We expect that trend to further accelerate globally, and it is fantastic to have Dan join us to lead our efforts as we expand our activity and serve more clients internationally. In Europe, we are delighted to also have Mike lead our private credit team.”
- Gilles Dellaert, Global Head of Blackstone Credit & Insurance
“I am thrilled to join Blackstone Credit & Insurance to oversee the firm’s efforts to further capitalize on the international opportunity set. The growth of private credit is still in its infancy on a global scale, and I look forward to leading the team in EMEA and APAC.”
- Dan Leiter
“Our private credit business in Europe is seeing strong momentum and opportunity both from a fundraising and deployment perspective. I’m delighted to head our European private credit team to build on our success and further grow our presence and activity in this region.”
- Michael Carruthers
