Finance
Blackstone Hires Morgan Stanley’s Leiter for Senior Credit Role
- Michael Carruthers appointed head of European private credit
- Blackstone credit and insurance has about $330 billion of AUM
Blackstone Inc. is hiring a senior executive from Morgan Stanley to become head of international in its newly formed credit and insurance division.
Dan Leiter, who was global head of securitized products trading at the US bank, will lead the activity and expansion of Blackstone Credit & Insurance (BXCI) in Asia and Europe, according to a statement seen by Bloomberg News. The credit veteran is joining Blackstone after almost two decades at Morgan Stanley, according to Financial Industry Regulatory Authority records, where he also led trading of European structured bonds.