Andrew Rabinowitz, president and COO of Marathon Asset Management, will be departing the firm in September to pursue a new opportunity outside of the asset management industry. Rabinowitz will remain on Marathon Asset Management’s governance committee as a senior consultant.
“We are thankful to Andrew for his contribution and leadership, having helped build Marathon’s strong foundation and success,” Bruce Richards, chairman and CEO of Marathon Asset Management, said. “We wish Andrew continued success as he takes the next step in his career, and we are grateful that Andrew will continue to contribute to our organization as a member of Marathon’s governance committee.”
Jamie Raboy, Christine Chartouni and Jason Friedman will assume Rabinowitz’s day-to-day responsibilities. The three individuals have 54 years of combined experience at Marathon Asset Management.
Raboy, currently chief risk officer and partner and a 23-year veteran and founding member of Marathon Asset Management, has been given the additional title of chief operating officer. Raboy will continue to oversee all risk functions in addition to the finance, accounting and technology functions of the firm.
Chartouni, a member of Marathon Asset Management’s executive committee, assumed the duties of chief legal officer in addition to her prior role as chief compliance officer. Chartouni joined Marathon Asset Management in 2004 after working as an attorney at Schulte Roth & Zabel.
Friedman, partner and head of corporate credit strategy at Marathon Asset Management, was named global head of business development and will continue to work with investment teams and investor relationship professionals to engage with clients. Friedman is one of five permanent voting members of the firm’s investment committee, which is chaired by Richards and Hanover. Friedman joined Marathon Asset Management in 2007 after working in private equity for 10 years at JP Morgan Partners.
“We are very excited about our future as we are fortunate to have a deep roster of exceptionally talented professionals, combined with experienced leaders that have been working together for decades,” Hanover said. “Marathon’s investment program has never been stronger or more robust.”
In addition, Marathon Asset Management also named Wilma Nacion chief human resource officer, while Reinaldo Ynchaustegui was promoted to chief technology officer, overseeing all IT and enterprise functions of the firm. Both Nacion and Ynchaustegui are members of Marathon Asset Management’s executive committee. Scot Pasquale will continue his role as CFO and member of the executive committee.
