New York-based global alternative investment management organization Highbridge Capital announced today that Scott Kapnick, who joined the firm in 2007 to head the firm's global credit and private investment platform, has been appointed CEO. Kapnick replaces current CEO and Highbridge Co-Founder Glenn Dubin, who has held the CEO rank role since 1993.
In a statement, Dubin announced he will remain in place as Chairman of the firm and maintain an active role from a strategic advice and business counsel. Along with Co-Founder Henry Swieca, Dubin oversaw Highbridge grow to approximately $31 billion in capital for many of the world’s most prominent institutional investors, public and corporate pension funds, endowments, foundations, family offices and high net worth individuals.
Prior to joining Highbridge, Kapnick spent 21 years at Goldman Sachs, most recently as a member of the firm's Management Committee and Global Co-head of Investment Banking, according to the statement.
In addition to his new role as CEO, Kapnick will continue to serve as CEO of Highbridge Principal Strategies and will remain a member of the Highbridge Principal Strategies Investment Committee.