Senior Managing Director
Blackstone Advisory Partners LP
Thomas Stoddard is a Senior Managing Director in Blackstone Advisory Partners LP.
Since joining Blackstone in 2008, Mr. Stoddard has provided strategic advice to financial institutions responding to the global economic crisis. During the height of the crisis, he advised AIG in connection with the $182 billion in assistance provided by the U.S. government to rescue the company in September 2008 and stabilize its financial position thereafter. In Blackstone’s role as sole global coordinator, he advised AIG on dozens of divestitures and other transactions, including the $25 billion of debt-for-equity exchanges with the Federal Reserve Bank of New York in 2009, as well as related decisions in 2010 to pursue the IPO of AIA (raising over $20 billion) and the sale of Alico (to MetLife for $16 billion). More recently, he has advised the board of directors of Bank of America on certain matters, including the sale of $5 billion of preferred stock to Berkshire Hathaway.
Mr. Stoddard has over 20 years of transaction experience, primarily as an investment banker, corporate lawyer and asset based lender. Prior to Blackstone, he was a founding partner of a private equity firm and spent many years as an investment banker specializing in financial services companies, most recently at DLJ and its successor, Credit Suisse, where he led the global insurance group. Before investment banking, Mr. Stoddard practiced corporate and securities law with Cravath, Swaine & Moore from 1992 to 1994.
Mr. Stoddard received a J.D. with Honors from the University of Chicago Law School, where he was a member of the Law Review. He received a B.A. with Distinction in Economics from Swarthmore College, where he was a McCabe Scholar and a member of Phi Beta Kappa. He serves on the Board of Trustees of Trout Unlimited.