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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...