Blackstone Hires Michael Hovey, Former Co-Head of Insurance Investment Banking for North America at Morgan Stanley, to Lead A...
2021年1月20日 - 11:00PM
ビジネスワイヤ(英語)
Blackstone (NYSE:BX) today announced that it has hired Michael
Hovey as a Senior Managing Director to lead acquisitions and
strategic partnerships for Blackstone Insurance Solutions (“BIS”).
Mr. Hovey joins Blackstone from Morgan Stanley, where he was a
Managing Director and most recently served as Co-Head of Insurance
Investment Banking for North America. Inclusive of his nearly
17-year tenure with Morgan Stanley, Mr. Hovey brings over 23 years
of insurance investment banking experience.
Mr. Hovey will be responsible for leading BIS’s investments,
strategic partnerships and other transactions with insurance
companies. He will report to Gilles Dellaert, Global Head of
Blackstone Insurance Solutions. In total, Blackstone manages more
than $60 billion in assets for insurance companies.
Gilles Dellaert, Global Head of Blackstone Insurance Solutions,
said: “We’re thrilled to have Michael join Blackstone Insurance
Solutions. As we continue to evaluate new investment opportunities
in the insurance sector, having an individual with Michael’s deep
experience, expertise and relationships will be a critical resource
to our team.”
David Blitzer, Global Head of Blackstone Tactical Opportunities,
said: “We’re excited to have a leader of Michael’s caliber on our
insurance team. We see significant opportunities for continued
growth ahead for our insurance business, and he will be a key part
of that effort.”
Michael Hovey added: “Blackstone’s ability to deliver flexible
capital solutions and its world-class investment management
expertise makes it an ideal partner to insurance companies. I’m
excited to work closely with Gilles and the entire Blackstone team
as its insurance solutions business continues to execute on that
mission.”
Prior to joining Morgan Stanley in 2004, Mr. Hovey was a Vice
President in the Financial Institutions Group, Investment Banking
at Lehman Brothers. Mr. Hovey received a BS from the University of
Colorado Boulder, where he graduated summa cum laude.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our asset management
businesses, with $584 billion in assets under management, include
investment vehicles focused on private equity, real estate, public
debt and equity, growth equity, opportunistic, non-investment grade
credit, real assets and secondary funds, all on a global basis.
Further information is available at www.blackstone.com. Follow
Blackstone on Twitter @Blackstone.
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version on businesswire.com: https://www.businesswire.com/news/home/20210120005438/en/
Matt Anderson 212-390-2472 matthew.anderson@blackstone.com
Blackstone (NYSE:BX)
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過去 株価チャート
から 4 2023 まで 4 2024