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Blackstone adds senior financial services banker

The Blackstone Group has announced that Thomas D. Stoddard has joined the firm’s corporate advisory business as a senior managing director.

The Blackstone Group has announced that Thomas D. Stoddard has joined the firm’s corporate advisory business as a senior managing director. He was previously a founding partner of Barrett Ellman Stoddard Capital Partners, a private equity firm specialising in the financial services sector.

Stoddard’s 17 years of transaction experience as an investment banker, corporate lawyer and asset-based commercial lender include several years with DLJ and Credit Suisse, where he specialised in providing strategic M&A advice to financial services companies. He was also head of Credit Suisse’s global insurance group and a member of the investment banking committee that reviewed and approved fairness and other advisory opinions.

‘We are delighted to have Tom join our rapidly growing financial institutions advisory practice,’ says Blackstone president and chief operating officer Hamilton ‘Tony’ James. ‘His many years of experience advising major institutions will provide a great complement to our existing expertise across the whole financial services sector.’

Says Stoddard: ‘I am thrilled to be joining an exceptional team of professionals at such a successful firm. Blackstone is uniquely positioned today to serve financial services companies at a time when they need distinctive ideas and expert guidance.’

The Blackstone Group’s businesses include the management of corporate private equity funds, real estate opportunity funds, funds of hedge funds, mezzanine funds, senior debt funds, proprietary hedge funds and closed-end mutual funds, as well as financial advisory services including mergers and acquisitions advisory, restructuring and reorganisation advisory and fund placement services.

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