Blackstone hires executives for fast-growing credit business
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid/File Photo
BOSTON, Sept 9 (Reuters) – Blackstone Inc (BX.N) said it hired two Wall Street veterans as partners and promoted another executive to work in its Blackstone Credit unit as fresh demand from institutional and retail investors made it the private equity firm’s fastest-growing segment.
Carlos Whitaker, a Credit Suisse executive, and Chris Sullivan, an executive at Barclays, will join Blackstone as senior managing directors while Kate Rubenstein, who works in Blackstone Portfolio Operations, will move to Blackstone Credit as a managing director, the company said.
Whitaker will become president of the Blackstone Private Credit Fund (BCRED) and the Blackstone Secured Lending Fund (BXSL), both part of the firm’s global direct lending platform….
