Blackstone has promoted some of its leaders to global roles, including appointing two co-chief investment officers and promoting its head of real estate Americas.
Current global head of real estate, Ken Caplan, and European head of private equity, Lionel Asaant, are elevated to be the new global co-CIOs, while Nadeem Meghji is promoted to global co-head of Real Estate, succeeding Caplan, and working alongside Kathleen McCarthy.
“Ken is a remarkable leader who I have loved partnering with,” said McCarthy. “Nadeem is the perfect leader to succeed Ken, given his tremendous investment acumen and operational experience. I am excited to partner with him in the years ahead.”
Gio Cutaia was also promoted to be global COO of real estate, while continuing to lead global real estate asset management (a role he has held since 2018), helping to manage more than 12,000 assets in Blackstone’s real estate portfolio.
The firm recently surpassed $1 trillion in AUM and has more than $200 billion in dry powder, making it a very busy deployment period amid a period of expanding investment strategies and continued expansion for the New York City-headquartered firm.
The three executives being promoted have a combined 60 years of investing experience with Blackstone.
“We are delighted to elevate three of our longest-tenured investors into these critical positions, as the firm readies itself for an active investment period,” said Steve Schwarzman, co-founder, chairman, and CEO of Blackstone. “They bring strong track records of delivering for our customers, considerable institutional knowledge, and exceptional investment acumen to these new roles.”
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
