Blackstone Taps Bolland For European PE Portfolio Role

Jul 5 2016 | 9:22pm ET

Global alternative investment behemoth Blackstone has named former Marks & Spencer CEO Marc Bolland as head of European portfolio operations for its private equity businesses. 

The position is new, according to the company. Bolland will be based in London and will start on September 19.

Bolland became CEO of British retailer Marks & Spencer Group in 2009 after serving as CEO of supermarket chain Morrisons. He retired from Marks & Spencer in April 2016 and was succeeded by merchandising veteran Steve Rowe. Earlier in his career, Bolland was COO of Heineken.

“We are delighted that Marc is joining us,” said Joseph Baratta, global head of private equity at Blackstone, in a statement. “He has had an outstanding career leading and developing major international businesses, and I am sure he will add great value to our current and future portfolio businesses.”

Blackstone is the world’s largest alternative asset manager. Founded in 1985 by Steven Schwartzman and Peter Petersen, the firm has more than $340 billion in AUM deployed across a wide range of global private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds.

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