BlueMountain Capital Management (BlueMountain), a private investment firm specialising in the global credit markets with USD7 billion in assets under management, has named David Rubenstein CEO of BlueMountain Europe.
Rubenstein, who joined the firm in 2006, will also continue in his roles of both CFO and General Counsel on a global basis. He is a member of the Founders’ Council of the Managed Funds Association and serves as the Chair of the OTC Advisory Group to its US Legislative Policy Committee. He also is a member of the ISDA Credit Derivatives Determinations Committee, where BlueMountain holds one of the five buy-side seats.
Noam Leslau, Managing Director, is also joining the UK offices’ business development team, with a focus on Europe and the Middle East. Rubenstein and Leslau have both transferred from New York to BlueMountain’s London office with immediate effective.
BlueMountain has also announced the appointment of two London-based senior credit analysts, Adam Feldheim and Jonathan Moore, who will report to Peter Greatrex, the firm’s Global Head of Research. These four executive additions expand BlueMountain’s European team to 21 professionals, and underscore the firm’s commitment to the European investor community.
"Our European investor base and AUM both are growing, as pensions and institutions are increasingly becoming more comfortable with relative value credit strategies," says Stephen Siderow (pictured), BlueMountain’s President and Co-founder. "We have developed a robust, talented team in the seven years since we opened our London office. BlueMountain is committed to further expansion, and having David and Noam lead these efforts will help to ensure we realise this growth."
Rubenstein succeeds Jeffrey Kushner, who is retiring from the asset management business and will move back to the United States to pursue other opportunities. Kushner has been with BlueMountain since the firm’s 2003 inception and over the past three years has spearheaded its expansion into the European marketplace, playing a key role in building its European investor base.
