Michael Blum was named president and CEO of ORIX USA Asset Management, a subsidiary of ORIX USA Corp.
In his new role, Blum will be responsible for expanding ORIX's asset management business and for supporting ORIX’s recent investment in Mariner Investment Group. Mariner, however, will still be managed by its existing management team. Blum, along with his team, will be based in New York.
Blum joined ORIX in 2009 as managing director and head of corporate development and strategic opportunities for ORIX USA, a role that transitioned to others in the next several months.
”The appointment of Mike as President & CEO of ORIX Asset Management will add value to ORIX’s investment in Mariner and help expand ORIX’s presence in the asset management industry,” ORIX USA’s CEO Jim Thompson said.
“I am both excited and challenged by this new role and look forward to continuing to work closely with Jim at ORIX as well as Bill Michaelcheck and Brace Young at Mariner and their respective teams,” Blum said. “Asset management is an industry with many opportunities for both ORIX and Mariner.”
ORIX USA is based in Dallas, Texas with investments in the corporate, commercial real estate and municipal areas. It has operating units in investment banking and multifamily/healthcare lending.
Mariner Investment is an employee-owned investment manager. It also offers advisory services to its clients. It primarily provides its services to pooled investment vehicles.