Castlelake appoints Rory O’Neill and Evan Carruthers co-CEOs, Yen-Wah Lam as chief people officer and president

Evan Carruthers, chief investment officer of Castlelake, has been appointed the additional role of co-chief executive officer alongside Rory O’Neill, who has assumed the title of executive chair and co-chief executive officer. Additionally, Yen-Wah Lam has been promoted to chief people officer and president. O’Neill and Carruthers co-founded Castlelake in 2005, growing and shaping the firm into a specialized asset-focused investor over the last 17 years. The company describes the co-CEO structure as “a natural extension of that partnership and part of the firm’s long-term succession plan”. Carruthers will retain the chief investment officer role while deepening his engagement in