Newly Created Position Highlights the Increasing Interest from
Investors To Tailor Investment Solutions and Coordinate Cross-Platform
Mandates
LOS ANGELES & NEW YORK--(BUSINESS WIRE)--
Ares Management, L.P. (NYSE:ARES) announced today that Myles Gilbert,
former Managing Director at Cambridge Associates LLC and Co-Chairman of
its Credit Investment Committee, has joined the firm as Partner, Head of
Investor Strategy & Solutions. In this newly formed position, he will
oversee a team of professionals within the Ares Strategy & Relationship
Management Group. He is charged with supporting new product development,
coordinating cross-platform mandates and overseeing consultant strategy.
Mike Arougheti, Co-Founder, Chief Executive Officer and President, said:
“There has been a notable uptick in the number of large investors
looking to develop significant strategic mandates across our platform –
which I believe speaks to both the increasing awareness of the
performance and breadth of Ares’ investment strategies as well as a
continuing theme for investors to forge more meaningful partnerships
with selected managers of scale. I am excited to welcome Myles to the
firm and believe he will be critical in how we identify, structure and
coordinate such partnerships.”
Ryan Berry, Partner, Chief Marketing & Strategy Officer and Head of
Ares’ Strategy & Relationship Management Group, said: “In a short period
of time, Myles is already making a big impact at Ares. His marketplace
insights, structuring expertise and overall vision on how we can develop
differentiated solutions are making him a critical thought leader and
asset to our relationship managers, business heads and product
management teams. Myles will play a major role in helping us deepen and
broaden our direct institutional and consultant relationships.”
“It’s a privilege to join Ares and take on this exciting new role,” said
Mr. Gilbert, Partner, Head of Investor Strategy & Solutions. “I had the
opportunity to work with top global investment management firms in my
previous position. I believe Ares is a market leader in alternative
asset classes such as credit, real estate and private equity and is
well-positioned to offer institutional investors compelling products and
solutions across its broad platform. I’m looking forward to contributing
to the growth of those strategies.”
Mr. Gilbert brings more than 33 years of experience in financial
services, most recently having served as a Managing Director at
Cambridge Associates LLC and Co-Chairman of its Credit Investment
Committee. During his tenure, he oversaw the development of alternative
manager research and investment strategies for institutional clients in
a broad range of sectors including leveraged finance, structured credit
and distressed securities. Previously, he served as a Managing Partner
at Ironside Capital Group and as a Managing Director at private
investment affiliates of Manulife Financial Corporation. He also served
as a corporate banking executive at Citizens Financial Group, including
four years as President and Chief Executive Officer of its asset finance
and leasing company.
About Ares Management, L.P.
Ares Management, L.P. is a publicly traded, leading global alternative
asset manager with approximately $106 billion of assets under management
as of September 30, 2017 and more than 15 offices in the United States,
Europe, Asia and Australia. Since its inception in 1997, Ares has
adhered to a disciplined investment philosophy that focuses on
delivering strong risk-adjusted investment returns throughout market
cycles. Ares believes each of its three distinct but complementary
investment groups in Credit, Private Equity and Real Estate is a market
leader based on assets under management and investment performance. Ares
was built upon the fundamental principle that each group benefits from
being part of the greater whole. For more information, visit www.aresmgmt.com.
Forward Looking Statements
Statements included herein may constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of
1995, which relate to future events or future performance or financial
condition. These statements are not guarantees of future performance,
condition or results and involve a number of risks and uncertainties.
Actual results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those described
from time to time in Ares Management’s filings with the Securities and
Exchange Commission. Ares Management undertakes no duty to update any
forward-looking statements made herein.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180212005420/en/
Media:
Mendel Communications
Bill Mendel, 212-397-1030
[email protected]
or
Investors:
Ares
Management, L.P.
Carl Drake, 800-340-6497
[email protected]
Source: Ares Management, L.P.
