Senior Managing Director
Blackstone Advisory Partners LP
Thomas Stoddard is a Senior Managing Director in Blackstone Advisory Partners LP. He leads Blackstone’s business advising banks, insurers and other financial institutions globally.
Mr. Stoddard 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 advised Bank of America on the sale of $5 billion of preferred stock to Berkshire Hathaway; he advised IBRC (the former Anglo Irish Bank) on potential strategies to accelerate its wind down; he advised Aviva on shareholder dividend actions; he advised NYSE Euronext on its $13 billion sale to ICE; and he advised WMI (the former Washington Mutual holding company) on its strategic financing partnership with KKR.
Mr. Stoddard has over 20 years of transaction experience, primarily as an investment banker, corporate lawyer and asset based lender, and he has advised on over $250 billion of strategic transactions during his career. Prior to joining Blackstone in 2008, he was a founding partner of a private equity firm and spent many years as an investment banker, 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.