Blackstone Alternative Asset Management (BAAM), a unit of The Blackstone Group of New York, has hired two executives to serve the companys European institutional clients and help identify alternative investment managers, Blackstone announced yesterday. The company hired Nicola Marie Meaden as managing director and Valerie Benard as director. The move establishes a BAAM office in Europe, as the two executives will work out of The Blackstone Group Internationals London office. Previously, BAAMs European clients were served out of the firms New York office.
Before joining BAAM, Meaden served as CEO of Tremont TASS (Europe) Limited, where she managed all non-U.S. activities for Tremont Advisors, mainly in Europe and Japan. At Tremont TASS she was responsible for managing and expanding the firms investment advisory services, launching offshore proprietary products, identifying and researching marketable alternative managers, and managing TASS Research. She founded TASS Investment Research in 1990 and, when it was acquired by Tremont in 1999, she stayed on as chairman of the new entity.