FS Investments has hired Michael Carter as executive vice president and head of strategy.
Carter will be based in the firm’s Philadelphia headquarters, serve on the firm’s executive committee and oversee firm strategy and business development, with a focus on growing FS Investments’ existing credit franchise and expanding into other alternative investment platforms.
Recently, he served as COO at Magnetar Capital.
Prior to joining Magnetar, Carter spent 15 years at Lehman Brothers in various credit and investment banking roles, including leadership roles in the interest rate derivatives, securitization, structured credit and CDO businesses. He was co-head of Lehman’s structured credit desk, co-head of its U.S. structured credit sales group and a leader of the hedge fund banking group. He also helped launch the firm’s securitization business in London.