(Reuters) – Blackstone Inc. has announced the appointment of Tyler Dickson, former global head of investment banking at Citigroup, to lead client relations for its credit and insurance unit. Dickson, who brings 30 years of experience at Citi, will oversee Blackstone Credit & Insurance’s Institutional Client Solutions team and collaborate on origination efforts with borrowers worldwide.
Private equity firms like Blackstone are increasingly focusing on the lucrative credit business. With banks limiting their lending through traditional syndicated loans, private lenders have taken on a more prominent role in providing financing. Blackstone consolidated its corporate credit investment groups and money management for insurers into the Blackstone Credit & Insurance (BXCI) segment last year.