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Blackstone group announces launch of Asia-based business
13 May 2008
According to the asset manager, the new project will focus on investment opportunities in the Asia-Pacific region with offices due to be opened in Mumbai and Tokyo.
Aaron Nieman, who has worked in the region in previous positions with Lehman Brothers and SAC Capital Management, will be responsible for the launch of the new project.
Stephen Schwarzman, chairman, chief executive officer and co-founder of the Blackstone Group, said: "Aaron has a superb history of developing teams and investing in Asia."
"He will add greater depth and intellectual capital to Blackstone's wide range of alternative investment businesses, and we are delighted that he has chosen to join us," he added.
Christopher Pesce, who was formerly global head of prime brokerage at Bank of Amercia, is also due to join the project as chief operating officer.
Blackstone's other businesses in Asia include its corporate private equity fund, Blackstone Capital Partners, and its real estate opportunity fund, Blackstone Real Estate Partners.
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