Morrell joins Blackstone from CIT, a financial holding company with more than $50 billion in assets, where she served as Executive Vice President and Chief Strategy Officer. At CIT, Morrell helped shape the company's strategic direction following its emergence from bankruptcy, and led numerous strategic transactions that contributed to CIT's transformation to a bank. Prior to that, Morrell served as senior director of the U.S. Treasury's Automotive Industry Financing Program during the Obama Administration, where she had primary responsibility of overseeing the taxpayer's investments in Chrysler Financial and Chrysler Group. Morrell graduated magna cum laude from Harvard College and received her MBA with distinction from Harvard Business School.
David Blitzer, Global Head of Blackstone's Tactical Opportunities group, said: "We are excited to have Kelley join Blackstone. She has a strong track record of successfully managing complex situations with various stakeholders across multiple industries. We look forward to her delivering that expertise and judgment to our portfolio."
Kelley Morrell added: "I am thrilled to have the opportunity to join Blackstone Tactical Opportunities. It's an innovative strategy with a diverse and differentiated portfolio of investments, and I am looking forward to leading the group's asset management effort for the benefit of our investors."
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 over $370 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, 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.
About Tactical Opportunities:
Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. As part of the strategy, the team leverages the intellectual capital across Blackstone's various businesses while continuously optimizing its approach in the face of ever-changing market condition
Recent BX News
- Global Travel Technology Company OYO to Acquire G6 Hospitality from Blackstone Real Estate • Business Wire • 09/20/2024 08:35:00 PM
- AIG names new CFO; Progyny Drops 24% After Losing Key 2025 Contract; Exicure Jumps 190% With Nasdaq Extension • IH Market News • 09/19/2024 10:26:48 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 11:58:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 10:12:02 PM
- Microsoft Boosts Share Buyback, Raises Dividends by 10%, Intel Secures Chip Deal with Amazon • IH Market News • 09/17/2024 10:40:35 AM
- OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast • IH Market News • 09/13/2024 10:12:55 AM
- Broadcom Down 10% Post-Earnings, UiPath Up 8%; Qualcomm Eyes Intel Assets; Salesforce Acquires Own Company • IH Market News • 09/06/2024 11:59:00 AM
- Blackstone to Present at the Barclays Global Financial Services Conference • Business Wire • 09/05/2024 12:30:00 PM
- Qualcomm Develops Mixed Reality Glasses; Verizon to Boost Dividend, Eyes Acquisition; Samsonite Plans US Dual Listing • IH Market News • 09/05/2024 10:11:35 AM
- Blackstone annuncia l'accordo per l'acquisizione di AirTrunk con un'operazione da 24 miliardi di AUD • Business Wire • 09/04/2024 04:42:00 PM
- Blackstone annonce un accord portant sur l’acquisition d’AirTrunk pour un montant de 24 milliards de dollars australiens • Business Wire • 09/04/2024 04:08:00 PM
- ブラックストーン、AirTrunkを240億豪ドルで買収する契約を発表 • Business Wire • 09/04/2024 04:08:00 PM
- Blackstone kündigt Vereinbarung zur Übernahme von AirTrunk im Rahmen einer Transaktion im Wert von 24 Mrd. AUD an • Business Wire • 09/04/2024 04:08:00 PM
- Blackstone Announces Agreement to Acquire AirTrunk in a A$24B Transaction • Business Wire • 09/04/2024 09:48:00 AM
- Form N-PX - Annual Report of proxy voting record of management investment companies • Edgar (US Regulatory) • 08/30/2024 04:08:23 PM
- Cruise and Uber Join Forces for Robotaxis, Alibaba Shifts Primary Listing to Hong Kong, Altria Hikes Dividend 4.1% • IH Market News • 08/23/2024 12:20:26 PM
- BREIT Appoints Wesley LePatner CEO • Business Wire • 08/22/2024 08:15:00 PM
- Schwab and Snowflake Retreat in Premarket, WeRide Postpones IPO, Halliburton Cyberattack, McDonald’s Instagram Hack • IH Market News • 08/22/2024 09:37:42 AM
- Blackstone Acquires Majority Stake in Leading Hotel Accounting Software and Services Provider M3 • Business Wire • 08/15/2024 01:00:00 PM
- Chartis Announces Majority Investment from Blackstone to Advance Mission of Healthcare Transformation • Business Wire • 08/14/2024 04:00:00 PM
- UBS Beats Earnings Forecasts, Intel Divests Arm Holdings, Flutter Surges 9% in Premarket Trading, and More • IH Market News • 08/14/2024 09:56:35 AM
- Dell Stock Slide Offers Opportunities; Trump and Musk hold talks on X; GM Restructures China Operations, and More • IH Market News • 08/13/2024 09:43:49 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/09/2024 10:24:31 PM
- Intel Sued by Shareholders; JPMorgan Raises Chance of Recession; Roblox Blocked in Turkey; Micron Resumes Share Buyback • IH Market News • 08/08/2024 09:48:43 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM