NEW YORK, April 15, 2015 /PRNewswire/ -- BlueMountain Capital Management, LLC ("BlueMountain"), a private investment firm with over $20 billion in assets under management, today announced it has appointed Nicholas Pappas CEO of its European operations, based in London, United Kingdom. The current CEO, David Rubenstein, will return to the firm's flagship office in New York, where he will serve as a managing partner and General Counsel.
"We are very excited to welcome Nick to BlueMountain Capital," said Andrew Feldstein, "Nick brings a unique perspective and extensive experience to our European operations. Under David's leadership, our European operations have seen significant growth, and we're looking forward to seeing Nick build upon these successes."
Mr. Pappas is the former head of EMEA leveraged finance trading and research at Goldman Sachs, where he oversaw the growth of a public and private trading team focused on EMEA distressed loans and claims, as well as high-yield bonds, and CDS.
From 2009-2012, Mr. Pappas served as the co-head of U.S. credit trading at Deutsche Bank, where he began in 2007 as a European iTraxx index trader and head of European high-grade corporate trading. He previously held trading positions at Goldman Sachs (2004-2007) and Bear Stearns (1996-2004). Mr. Pappas received a B.S. in biochemistry from Bucknell University in 1996.
Mr. Rubenstein was appointed CEO of BlueMountain's European operations in the fall of 2011. Under his direction, the London office has grown from 18 to 45 people. He presently sits as a member of the ISDA Credit Derivatives Determinations Committee, where BlueMountain holds one of the five buy-side seats. He is also a member of the Invest in Futures Committee of The Prince's Trust in London.
"It has been an incredibly rewarding experience working with my colleagues in our London office. We have accomplished a great deal together over the past four years," said David Rubenstein. "Our entire team is excited to welcome Nick to the firm and is looking forward to exploring investment opportunities together."
About BlueMountain Capital Management, LLC
BlueMountain Capital Management, LLC ("BlueMountain") is a leading private investment firm managing $20.6 billion of assets, with $15.2 billion in absolute return assets and $5.4 billion in CLO assets. BlueMountain's large and diverse team of professionals in New York, London and Tokyo are supported by the firm's institutionalized and proprietary infrastructure, including specialized operations and risk management technology.
SOURCE BlueMountain Capital Management, LLC