BlueMountain CFO Named European CEO

Sep 13 2011 | 12:28pm ET

BlueMountain Capital Management has a new European chief: Its CFO.

David Rubenstein was named CEO of the BlueMountain Europe, beginning Sept. 1. He moved to London earlier this month, although he will remain CFO and general counsel of the New York-based firm, which has $7 billion in assets under management.

Rubenstein succeeds Jeffrey Kushner, who has retired from asset management and is returning to the U.S.

Already, Rubenstein is leading a larger team in London. BlueMountain has hired two for and transferred another to the London office. Morgan Stanley's Adam Feldheim and Evolution Securities' Jonathan Moore were named senior analysts. They are joined by institutional investor relations and advisory specialist Noam Leslau, who has moved to London from New York.

BlueMountain now has 21 employees in London.

"Our European investor base and AUM both are growing, as pensions and institutions are increasingly becoming more comfortable with relative value credit strategies," BlueMountain co-foudner Stephen Siderow said. "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 realize this growth."

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