BOSTON, (Reuters) – Angelo Gordon (an investment company that focuses primarily on credit and real-estate) announced Wednesday it had hired a Blackstone Group executive as chief strategy officer.

Scott Soussa was previously the chief executive of Blackstone’s private equity stakes and hedge fund business. He will now join Angelo Gordon, based in New York, starting April 2022.

Blackstone stated earlier in the year that Soussa had left for another opportunity, but that he would remain at the company through the end of 2019.

After Michael Gordon, the cofounder of the firm, stepped down from its management in 2018, Soussa was the company’s first major hire. Adam Schwartz and Josh Baumgarten became the co-chief executives at the $44-billion firm. John Angelo with whom Gordon established the company in 1988 died in 2016.

Baumgarten and Schwartz both praised Soussa for his knowledge and perspective in alternative investment management. They also stated that they looked forward to introducing him and looking forward to hearing from their limited partners.

Schwartz, the head of real property at the company is Baumgarten’s credit department.