Wednesday, 28 September 2016
Last updated 16 hours ago
Oct 22 2013 | 10:38am ET
The Blackstone Group has opened an office in Singapore, its first in Southeast Asia.
The new base is Blackstone's ninth in Asia-Pacific overall, but will be only its second with treasury functions, after its New York headquarters. Singapore will house private-equity, real-estate and tactical opportunities employees.
"When I was here nine months ago, we had only a few people in this office, and now it's 35," CEO Stephen Schwarzman said at the opening at the Marina Bay Financial Centre yesterday. "At that growth rate, we are going to be doing well here in Singapore."
Blackstone has more than 200 employees in Asia, with about 70 at its largest office in the region, Hong Kong. The firm also has a presence in Beijing, Dubai, Mumbai, Seoul, Shanghai, Sydney and Tokyo.