Former Credit Suisse executive Tim O’Hara has joined BlackRock as co-head of the firm’s alternative credit investment business.
O’Hara will work alongside Jim Keenan, also newly appointed co-head of global credit at BlackRock, and will report to Mark McCombe, per an internal memo seen by PDI.
Keenan will be tasked with overseeing business development, whereas O’Hara will be responsible for the investment side. They will lead the team focused on fixed income and alternative credit.
O’Hara spent more than three decades at Credit Suisse, most recently serving as global head of markets. He has also held roles leading the Swiss bank’s US high yield team and leveraged finance department. O’Hara begins his role at BlackRock in April.
In addition to Keenan’s new role, he will also serve as chief investment officer of global credit.
“The credit team has built a powerful franchise. The time is right to capture new opportunities for the platform, particularly in markets where banks and other traditional lenders aren’t meeting credit demand,” said Rob Kapito, president of BlackRock.
“Keenan’s deep investment expertise coupled with Tim’s track record for building strong and sustainable businesses will yield great results,” he added.
BlackRock’s credit division, which includes fixed-income, leveraged finance, hedge funds, investment grade credit and private debt, manages $155 billion in assets.