Blackstone appointed Dan Leiter head of international for Blackstone Credit and Insurance and Michael Carruthers European head of private credit. Leiter will report to Gilles Dellaert, global head of Blackstone Credit and Insurance and lead the activity and expansion of the organization in EMEA and APAC regions.
“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,” Dellaert said. “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.”
“I am thrilled to join Blackstone Credit and Insurance to oversee the firm’s efforts to further capitalize on the international opportunity set,” Leiter said. “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.”
“Our private credit business in Europe is seeing strong momentum and opportunity both from a fundraising and deployment perspective,” Carruthers said. “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.”
Leiter was previously global head of securitized products trading in Morgan Stanley’s fixed income division. Prior to that, he was head of European sales and trading in Morgan Stanley’s securitized products group from 2015 to 2021.
Carruthers was previously co-chief investment officer for Blackstone Credit and Insurance’s European and APAC private credit businesses. He has been with the firm since 2006, working in the Toronto and London offices.
