Blackstone Real-Estate Head Joins Board

Feb 27 2012 | 4:59am ET

The Blackstone Group has named real estate chief Jonathan Gray to its board of directors.

A seat on the private equity giant's board is somewhat rarefied territory: Blackstone has only seven directors, and Gray joins Blackstone CEO Steven Schwarzman, President Tony James, hedge fund chief Tom Hill and three independent directors.

Gray's addition to the board represents both the increasing importance of the business he leads to Blackstone's bottom line and Gray's positioning as a possible successor to Schwarzman, who is 64. Schwarzman has said he has no intention of retiring any time soon.

"We have always believed in institutionalizing Blackstone and having a clear succession plan even if it is not going to happen for years," a Blackstone partner told the Financial Times.

Gray has been with Blackstone since 1992.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of