Friday, 4 September 2015
Last updated 3 hours ago
Jun 30 2009 | 2:13am ET
The Blackstone Group’s expansion in Asia is continuing apace with the hire of a Deutsche Bank executive to lead capital-raising in the region.
Philip Levinson joins the private equity giant from RREEF, the real estate, infrastructure and p.e. division of Deutsche Asset Management. In addition to raising money, in his new post, Levinson will also manage client relationships and help develop new products in the region.
It is not clear where Levinson will be based, Reuters reports.
Levinson’s hire comes on the heels of several recent moves by Blackstone in China. The firm is reportedly in talks with Shanghai officials about opening a subsidiary there, and the country’s sovereign wealth is mulling a $500 million investment with the firm’s hedge fund unit.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…