Blackstone Names Chairman For Australia And New Zealand

Oct 20 2011 | 8:26am ET

The Blackstone Group has tapped Paul Costello as non-executive chairman for Australia and New Zealand. In his new role, Costello will help guide the firm’s development in the region and represent the Firm with its key constituencies there.

Costello was most recently general manager of Australia’s Future Fund. He will report to Tony James, Blackstone’s president and Michael Chae, who heads private equity for the firm in Asia-Pacific and is also responsible for the firm’s limited partner relationships in the region.

Commenting on the appointment, Chae said: “Australia is a market of long-term importance to Blackstone both for the increasing number of institutions there that are choosing to invest with us, and as a source of attractive investment opportunities for our funds. Paul’s background superbly positions him to guide us as we grow our business in Australia and New Zealand.”

Before his position with the Future Fund, Costello established the New Zealand Superannuation Fund, where he spent four years. Prior to that, he was chief executive officer of the Superannuation Trust of Australia.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of