Blackstone has appointed Laura Coady as global head of collateralised loan obligations (CLOs) and European head of liquid credit strategies (LCS).
In her new role, Coady will oversee the Blackstone Credit and Insurance (BXCI) global CLO platform, including both formation and investment, and lead the firm’s liquid credit business across Europe.
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Prior to joining Blackstone, Coady was head of international securitised markets and global head of CLOs at US investment bank Jefferies. She previously spent 14 years at Citi, where she most recently served as head of European CLO structuring, origination and distribution.
“We’re thrilled to welcome Laura to further strengthen our global CLO franchise and expand our liquids business across Europe,” said Dan Leiter, head of international and global head of liquid credit strategies at BXCI. “We believe our momentum in these areas will continue as clients increasingly recognise the advantages of BXCI’s scale and insights across the evolving credit landscape.”
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BXCI’s liquid credit strategies business manages approximately $120bn (£91.4bn) across corporate bonds, leveraged loans, CLOs and multi-asset credit mandates.
“I’m excited to join Dan and the BXCI team,” Coady said. “Blackstone’s leadership in CLOs and scale across the broader credit spectrum create enormous opportunities to serve clients in Europe and beyond.”
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