Blackstone Asia Head Returning To New York

Apr 4 2014 | 9:34am ET

Blackstone Group international private equity chief Michael Chae is coming (back) to America.

Chae will return to New York in June after more than three years in Hong Kong to retake control of the firm's media and telecommunications holdings, Blackstone President Hamilton James said in an internal memo. Chae will continue to oversee Blackstone's Asian p.e. business from New York.

On the ground in Asia, Ed Huang and Yi Luo—hires during Chae's years in Hong Kong—will cover Blackstone's Chinese private-equity interests, while James Carnegie and Jan Nielsen will handle the rest of Asia. Chris Heady adds investor relations and business development to his responsibility as head of Asian real estate.

Chae's time in Asia saw a major expansion for Blackstone in the region. The firm's headcount there more than doubled, and it opened a second regional office in Singapore.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...