Highbridge Capital Management names Scott Kapnick CEO


new york5_lrgHighbridge Capital Management has appointed Scott Kapnick as its next CEO to replace Glenn Dubin, who will remain with the JP Morgan-owned alternative asset manager as chairman.

Kapnick joined the New York-headquartered firm in 2007 to run its global credit and private investment platform, which now has $14bn under management. In addition to his duties as CEO of the firm, Kapnick will continue to serve as CEO of Highbridge Principal Strategies.

Prior to joining Highbridge, Kapnick spent 21 years with Goldman Sachs, where his roles included global co-head of investment banking and a member of the firm’s management committee.

Dubin co-founded Highbridge with Henry Swieca in 1992.

CEO of JP Morgan Asset Management Mary Callahan Erdoes said, “We are also very fortunate to have a leader of Scott’s caliber ready and able to take over as CEO. He has a strong grasp of our business strategy as well as our culture and a clear vision of how to move the firm forward.”

Last month Highbridge Principal Strategies closed its HPS Specialty Loan Fund III on more than $3bn.

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