Castlelake, a global alternative investment manager specialising in asset-based private credit, has appointed Evan Carruthers, chief investment officer, to the additional role of co-chief executive officer alongside Rory O’Neill, who has assumed the title of executive chair and co-chief executive officer.
Castlelake, a global alternative investment manager specialising in asset-based private credit, has appointed Evan Carruthers, chief investment officer, to the additional role of co-chief executive officer alongside Rory O’Neill, who has assumed the title of executive chair and co-chief executive officer.
Additionally, Yen-Wah Lam has been promoted to chief people officer and president.
O’Neill and Carruthers co-founded Castlelake in 2005. The co-CEO structure is a natural extension of that partnership and part of the firm’s long-term succession plan. Carruthers will retain the chief investment Officer role while deepening his engagement in broader facets of the firm’s operations as co-CEO. O’Neill will remain deeply engaged in the firm’s investment strategy while continuing to oversee certain operational functions as executive chair and co-CEO.
They will also work closely with Lam, who as President will provide detailed insight and perspective around the firm’s operations as well as support the execution of the Co-CEOs’ strategic priorities.
Lam joined Castlelake in 2018 and served as Chief Human Resources and Talent Officer, responsible for the firm’s talent strategy, diversity, equity and inclusion programming, and employment policies and operations. In her new role as Chief People Officer and President, Lam will support Castlelake’s governance and strategic direction, managing enterprise-level risk and organisational change. She will oversee all non-investment operations and internal affairs, including Castlelake’s Human Resources, Finance & Operations, and Legal & Compliance functions.
