Blackstone Hires Former Global Atlantic Co-President and CIO Gilles Dellaert to Lead Blackstone Insurance Solutions
January 14 2020 - 6:40AM
Business Wire
Blackstone (NYSE:BX) today announced that Gilles Dellaert,
former Co-President and Chief Investment Officer of Global
Atlantic, a leading retirement and life insurance company, will
join the firm as the Global Head of Blackstone Insurance Solutions
(BIS).
Blackstone Insurance Solutions was formed in 2018 to deliver
Blackstone’s asset management expertise to the insurance industry.
Leveraging the scale and breadth of Blackstone’s platform, BIS
investment products are tailored to each individual insurer’s needs
to help drive higher performance, faster growth, better capital
efficiency, and increased returns on equity. In total, Blackstone
manages over $60 billion in assets for insurance companies.
Jon Gray, Blackstone President & COO, said: “Gilles is a
highly talented executive with deep experience in the insurance and
investment management industries – making him an ideal choice for
this position. We look forward to the unique set of skills he’ll
bring to the table for our clients and insurance business, which is
an important growth initiative for Blackstone.”
Tony James, Blackstone Executive Vice Chairman, said: “We are
excited to welcome Gilles to Blackstone as we continue to grow our
insurance business and serve more clients around the world. The
low-interest-rate environment is creating challenges for the
insurance industry. The customized, high-performing products and
services Blackstone offers can be an important part of the
solution.”
Mr. Dellaert will start at Blackstone on April 1, 2020. The BIS
platform will operate under David Blitzer, Global Head of
Blackstone’s Tactical Opportunities business.
Gilles Dellaert said: “Blackstone’s extensive range of offerings
across the investment spectrum and access to substantial pools of
equity capital make it an ideal partner to the insurance industry.
The products Blackstone can deliver provide compelling
risk-adjusted performance that helps insurers grow faster and keep
their promises to customers. I look forward to helping Blackstone
accomplish this mission for the benefit of insurers and their
policyholders.”
As Co-President of Global Atlantic, Mr. Dellaert served as
Chairman of the Investment Committee and Chief Investment Officer,
with responsibility for investment and reinsurance activity across
the life and annuity businesses. He previously worked in Goldman
Sachs’ Securities Division Credit Trading and reinsurance
businesses. Prior to his time at Goldman Sachs, he spent two years
with JPMorgan in Brussels, London and New York. Mr. Dellaert holds
a bachelor’s degree from Ghent University in Belgium.
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 $554 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/20200114005441/en/
Matt Anderson 212-390-2472 matthew.anderson@blackstone.com
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