Blackstone appoints Morrell as MD
Blackstone announced on the appointment of Kelley Morrell as the Managing Director and Head of Asset Management for its Tactical Opportunities business. In this role, she will be responsible for ongoing management and oversight of the group’s investment portfolio, and creating and driving added-value initiatives alongside the investment team.
Morrell joins Blackstone from CIT, a financial holding company with more than $50 billion in assets, where she has served as the Executive Vice President and Chief Strategy Officer. to her credit Morrell helped in shaping the company’s strategic direction following its emergence from bankruptcy, and led numerous strategic transactions that contributed to CIT’s transformation to a bank. Kelley said on her appointment, “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.”
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