An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Blackstone Announces Len Laufer, a Leader in Data Science and Technology Across the Financial Services Industry, as Senior Advisor
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Blackstone (NYSE: BX) has appointed Len Laufer as a senior advisor, focusing on its Blackstone Growth (BXG) platform. Laufer, a notable figure in data science, has extensive experience in the financial services sector, having founded Argus Information and Advisory Services and led JPMorgan Chase’s data science initiatives. He emphasized the critical role of technology in business operations and expressed enthusiasm for working with the BXG team. Blackstone manages approximately $915 billion in assets across various investment vehicles globally.
Positive
Appointment of Len Laufer strengthens Blackstone's focus on data and technology in investment.
Laufer's extensive experience in data science and business scaling is expected to benefit portfolio companies.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
Blackstone (NYSE: BX) today announced the appointment of Len Laufer, a pioneer in data science and long-time executive across the financial services industry, as a senior advisor. He will advise across Blackstone’s businesses, with a focus on Blackstone Growth (BXG), the firm’s growth equity investing platform.
Mr. Laufer brings a rare combination of experience as both a successful entrepreneur and Fortune 100 leader across industries. In 1997, he founded Argus Information and Advisory Services and grew the company over the next 15 years into a leading provider of information and analytical solutions to the payments industry. After selling the business in 2012, Mr. Laufer went on to lead JPMorgan Chase’s machine learning and data science efforts as Head of Intelligent Solutions. Most recently, he served as CEO of Cerberus Technology Solutions, the operating subsidiary of Cerberus Capital Management, which focused on the use of technology, data and artificial intelligence in investment activities and at the firm’s portfolio companies. Mr. Laufer also served as Co-Chairman of the Board for Alberstons Companies, one of the largest food and drug retailers in North America, until 2021.
Vini Letteri, Senior Managing Director and Head of Financial Services for Blackstone Growth, said: “Len’s breadth of experience and first-hand understanding of the challenges of scaling a business will be invaluable to our portfolio companies and their founders. All companies, regardless of their industry, are looking to better use technology to improve their business and protect against disruption. Len’s knowledge will be a real benefit as they face these challenges.”
Len Laufer added: “I applaud Blackstone’s emphasis on the importance of data and technology as both an investing theme and as an operational imperative for the companies across its portfolio. I look forward to working with the BXG team and others across the firm in these efforts.”
Mr. Laufer graduated cum laude with honors from Harvard College with an AB in Social Studies, and earned an MBA from the Wharton Business School at the University of Pennsylvania.
About Blackstone Blackstone is the world’s largest alternative asset manager. 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 $915 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, 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 LinkedIn, Twitter, and Instagram.
