Blackstone Credit promotes local manager

Mark Glengarry
MARK GLENGARRY
The Blackstone Group (Australia) Pty Limited - Head of Asia Pacific Origination
APPOINTMENT
THE BLACKSTONE GROUP (AUSTRALIA) PTY LIMITED
Date: 31 May 2022
Position: Head of Asia Pacific Origination
By Elizabeth Fry

Blackstone Credit has appointed Mark Glengarry as head of Asia Pacific origination, hiring from Anchorage Capital Group.

The promotion follows the alternative asset manager's plans to ramp up its private credit assets to at least $5 billion from the $500 million currently committed,

Before joining Blackstone Credit, Glengarry worked at Anchorage Capital Group for seven years as a managing director where he managed private investments across the credit, special situations, and illiquid areas, in Europe and the Asia Pacific.

He was also previously with Morgan Stanley as head of restructuring and debt advisory for EMEA and White & Case as a partner in the firm's banking and finance practice.

Dwight Scott, the global head of Blackstone Credit, said private credit has become a larger part of the credit markets in the US and Europe, and the same trend will likely play out in Asia in the near term.

"We see tremendous opportunity across the region for creative solutions that help companies grow and navigate the increasingly complex market environment."

Glengarry added: "BXC is an integral part of Blackstone's global business, backed by the firm's incredible scale, intellectual capital, and resources."