Blackstone Adds Jenrette To Boardroom

Jul 15 2008 | 11:57am ET

The Blackstone Group has added investment banking veteran Richard Jenrette to its board of directors. Jenrette is one of the founders and namesakes of Donaldson Lufkin & Jenrette, the first publicly-traded investment banking firm in the U.S.

DLJ went public in 1970, and is now part of Credit Suisse.

Jenrette replaces Jacob Rothschild, who is stepping down from the Blackstone’s board.

“I have known Dick for almost 40 years, so I am absolutely delighted to have him join our board of directors,” said Stephen Schwarzman, Blackstone’s chairman and CEO.

“We regret [Rothschild’s] decision to step down from our board of directors, but we are delighted to have the continued benefit of his counsel as he has accepted our invitation to serve on our International Advisory.”


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of