GoldenTree Asset Management announced a key leadership change in naming long-time executive Kathy Sutherland as the firm’s first chief executive officer.
She will report to Steve Tananbaum, who founded the $47 billion firm 22 years ago.
“Our business continues to increase in complexity with our expansion across credit markets, most recently in private credit,” said Tananbaum in a statement. “As we grow, the best way for us to serve our clients is to have a core group working closely with me as I continue my current role of managing partner and CIO.”
Sutherland will be responsible for GoldenTree’s global strategy, product and business development, and long-term planning. Having joined the firm in 2008, she will continue serving as a partner and a member of the firm’s Executive Committee. She joined GoldenTree as head of European business development, before adding responsibility for the firm’s Middle East and Asia operations. Prior to joining GoldenTree, Sutherland spent 12 years at J.P. Morgan, ultimately serving as a managing director.
The firm has been growing, most recently closing its fourth distressed fund at $3 billion.