As President and CEO of ORIX USA Asset Management, Blum will be responsible for expanding ORIX's asset management business and for supporting ORIX’s recent investment in Mariner Investment Group LLC. Mariner will continue to be managed by its existing management team.
Blum joined ORIX in 2009 as Managing Director and Head of Corporate Development & Strategic Opportunities for ORIX USA, a role which will transition to others over 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,” said ORIX USA’s CEO Jim Thompson.
“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,” said Michael Blum. “Asset management is an industry with many opportunities for both ORIX and Mariner.” Blum and his team at ORIX USA Asset Management will be based in New York.
About ORIX USA Corporation
ORIX USA is a Dallas, Texas-based financial services and investment firm with over 1,400 employees and primary offices in Dallas, New York, Los Angeles, Columbus and Minneapolis. ORIX holds approximately $5.8 billion of assets and manages through various subsidiaries an additional $23 billion. ORIX USA Corporation (www.orix.com) is a wholly owned subsidiary of ORIX Corporation; a Tokyo-based, publicly owned international financial services company with operations in 27 countries worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York (IX) Stock Exchanges.