BlueMountain poaches BlackRock’s Kempler

Lee Kempler will serve as chief operating officer for investments – a role in which he is tasked with improving communication between the $22bn asset manager’s investment strategies.

Blue Mountain Capital Management has recruited BlackRock’s Lee Kempler.

Kempler arrives at the firm in a newly-established position as chief operating officer for investments, where he is tasked with improving communication among the firm’s numerous chief investment officers.

Among the firm’s strategies are collateralised loan obligations (CLO) and distressed/special situations on both sides of the Atlantic. Last year, the firm priced its first European CLO after attracting commitments of €410 million.

Kempler joined the $22 billion asset manager last month. He arrived from BlackRock, a firm he joined in 2011 and where he founded the BlackRock Investment Institute. Before that he spent more than two decades at McKinsey & Company.

He is based in the firm’s New York office.

Stephen Siderow, co-founder of BlueMountain, worked with Kempler at McKinsey. He said: “His expertise and intellect will drive further collaboration and integration across disciplines, investing with analytical rigor, and building trusted relationships with clients.”