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BlueMountain Hires Goldman Sachs’s Nick Pappas as CEO in Europe

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BlueMountain Capital Management, which manages more than $20 billion, named Nicholas Pappas chief executive officer of its European operations.

Pappas joins from Goldman Sachs Group Inc., where he headed leveraged-finance trading and research in Europe, the Middle East and Africa, according to a statement distributed on PR Newswire. Pappas will take over the role from David Rubenstein, who will return to the firm’s New York office as a managing partner and general counsel, the statement said.