Blackstone Hires Paget MacColl as Global Head of Blackstone Alternative Asset Management’s (BAAM) Institutional Client Solutions

Rhea-AI Summary

Blackstone (NYSE:BX) has appointed Paget MacColl as the new Global Head of its Alternative Asset Management (BAAM) Institutional Client Solutions. With nearly 20 years of experience in alternative investments, she will lead BAAM’s Limited Partner relationships and global business development. Joe Dowling, Co-Head of BAAM, emphasized her strategic expertise as vital for driving innovation within BAAM. Previously, she held significant roles at Goldman Sachs Asset Management, enhancing institutional client engagement across the Americas.

Positive

• Paget MacColl's appointment brings nearly 20 years of alternative investment experience.
• Her leadership is expected to enhance BAAM's Limited Partner relationships and business development.
• MacColl's strategic perspective is seen as critical for innovation and new strategy launches at BAAM.

Negative

• None.

Blackstone (NYSE:BX) today announced that Paget MacColl has joined the firm as Global Head of Blackstone Alternative Asset Management’s (BAAM) Institutional Client Solutions. In this role, Ms. MacColl will lead BAAM’s Limited Partner relationships and business development globally, leveraging her nearly 20 years of experience working with investors across alternative investments.

Joe Dowling, Blackstone Global Co-Head of BAAM, said: “As we constantly seek to communicate the tremendous power of BAAM and the Blackstone platform, Paget’s expertise will be invaluable. She brings a strategic perspective which will be critical as we continue to drive innovation and launch new strategies across BAAM.”

John McCormick, Blackstone Global Co-Head of BAAM, said: “Paget is a talented executive with experience marketing the investment solutions that BAAM has to offer to investors around the world. She brings a diverse range of skills, relationships and experiences and will be a critical leader within BAAM and the broader Blackstone ICS team.”

Paget MacColl, Global Head of Institutional Client Solutions for BAAM, said: “I’m thrilled to be joining John and Joe and the incredible team at BAAM. BAAM has been a leader in providing alternative investment strategies to clients for decades and I look forward to continuing that tradition.”

Ms. MacColl joins from Goldman Sachs Asset Management where she was co-head of the Americas Institutional Client Business. In that role, she was responsible for leading business strategy and client engagement with institutions across the US, Canada and Latin America. Prior to that, she led the institutional distribution and fundraising efforts in Asset Management as the Global Head of Institutional Capital Markets. Ms. MacColl joined Goldman Sachs in 1999 as part of its Debt Capital Markets business and was named managing director in 2009 and partner in 2016. She received a BA from Princeton University and is a CFA Charterholder. She serves on the Board of Trustees of Greenwich Academy and The Children’s School.

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 $649 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, 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 Twitter @Blackstone.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210504005748/en/

FAQ

Who is Paget MacColl and what is her role at Blackstone?

Paget MacColl has joined Blackstone as the Global Head of Alternative Asset Management's Institutional Client Solutions, focusing on Limited Partner relationships and business development.

What experience does Paget MacColl bring to Blackstone?

She brings nearly 20 years of experience in alternative investments, previously serving as co-head of the Americas Institutional Client Business at Goldman Sachs Asset Management.

What impact might Paget MacColl's appointment have on Blackstone (BX)?

Her strategic expertise and leadership could enhance business development and innovation within BAAM, positively impacting Blackstone's performance.

When did Paget MacColl join Blackstone?

Paget MacColl joined Blackstone as Global Head of Institutional Client Solutions recently, although the specific date is not stated in the announcement.