{"id":354480,"date":"2023-10-25T12:35:37","date_gmt":"2023-10-25T16:35:37","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?p=354480"},"modified":"2023-11-12T18:00:09","modified_gmt":"2023-11-12T23:00:09","slug":"blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/","title":{"rendered":"Blackstone moves China PE head to oversee Asia wealth unit"},"content":{"rendered":"
\n

Blackstone moves China PE head to oversee Asia wealth unit<\/h1>\n

The Business Times<\/a><\/p>\n

Blackstone is moving its head of China private equity investments to oversee private wealth for Asia-Pacific, in a bid by the world\u2019s biggest alternative-asset manager to bolster revenue from rich clients in the region.<\/p>\n

Ed Huang, who has also been chief operating officer (COO) for Asia private equity, will take over as head of the region\u2019s wealth division, the company said in a statement Thursday (Oct 12), confirming a Bloomberg News report.\u00a0<\/p>\n

Haide Hong will take on Huang\u2019s previous role and has been named as the head of acquisitions for China. A senior managing director and a 10-year veteran of Blackstone, Hong returned to Asia from London two years ago and will now lead investment efforts in Shanghai. The appointments will take effect Jan 1.<\/p>\n

Blackstone has ramped up hiring in the region, seeking to build up its funds by tapping private banks, wealth advisers and family offices. Blackstone\u2019s private wealth business has US$240 billion in assets, nearly a quarter of the firm\u2019s total assets under management.\u00a0<\/p>\n

Huang will help \u201caugment the growth of what we believe is a tremendous opportunity in private wealth across Asia\u201d, said Joan Solotar, Blackstone\u2019s head of global private wealth solutions.\u00a0<\/p>\n

Huang will replace Herbert Suen, who will remain in a senior role to be announced later.<\/p>\n

\n
\n
\n
\n
\n
\n

In Asia, the team has seen rapid growth over the last eight years, establishing a presence in major wealth hubs including Tokyo, Hong Kong and Singapore. The alternative investment giant is considering launching a private equity investment trust for wealthy investors in Japan after appointing Susanne Desch as COO of a new PE fund for high-net-worth individuals.\u00a0<\/p>\n

Globally, Blackstone is tapping wealthy individuals to invest in products including its giant real estate investment trust and Blackstone Growth debut fund. While the moves doubled the firm\u2019s assets over the past five years, the US$68 billion Blackstone Real Estate Income Trust was grappling with an increase in investors pulling money, prompting the firm to limit redemption requests since December.<\/p>\n

Source:<\/strong> Bloomberg<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

\u00a0<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
\u00a0<\/div>\n<\/div>\n<\/div>\n<\/div>\n
<\/div>","protected":false},"excerpt":{"rendered":"

Huang will help \u201caugment the growth of what we believe is a tremendous opportunity in private wealth across Asia\u201d, said Joan Solotar, Blackstone\u2019s head of global private wealth solutions.\u00a0<\/p>\n","protected":false},"author":3681,"featured_media":354481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2710,2739,2750],"tags":[251],"class_list":["post-354480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-blackstone","category-nontraded-reit","category-personnel","tag-blackstone-old"],"acf":[],"yoast_head":"\nBlackstone moves China PE head to oversee Asia wealth unit - Blue Vault<\/title>\n<meta name=\"description\" content=\"Blackstone is moving its head of China private equity investments to oversee private wealth for Asia-Pacific..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone moves China PE head to oversee Asia wealth unit - Blue Vault\" \/>\n<meta property=\"og:description\" content=\"Blackstone is moving its head of China private equity investments to oversee private wealth for Asia-Pacific..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/\" \/>\n<meta property=\"og:site_name\" content=\"Blue Vault\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-25T16:35:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-12T23:00:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2023\/10\/blackstone.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"319\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Hannah Kilgore\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hannah Kilgore\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/\",\"url\":\"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/\",\"name\":\"Blackstone moves China PE head to oversee Asia wealth unit - Blue Vault\",\"isPartOf\":{\"@id\":\"https:\/\/bluevaultpartners.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2023\/10\/blackstone.png\",\"datePublished\":\"2023-10-25T16:35:37+00:00\",\"dateModified\":\"2023-11-12T23:00:09+00:00\",\"author\":{\"@id\":\"https:\/\/bluevaultpartners.com\/#\/schema\/person\/89e0db3ed1fc59906b65e1f190bbb0c6\"},\"description\":\"Blackstone is moving its head of China private equity investments to oversee private wealth for Asia-Pacific..\",\"breadcrumb\":{\"@id\":\"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/#primaryimage\",\"url\":\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2023\/10\/blackstone.png\",\"contentUrl\":\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2023\/10\/blackstone.png\",\"width\":600,\"height\":319},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/qa.bluevaultpartners.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blackstone moves China PE head to oversee Asia wealth unit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bluevaultpartners.com\/#website\",\"url\":\"https:\/\/bluevaultpartners.com\/\",\"name\":\"Blue Vault Partners\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bluevaultpartners.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/bluevaultpartners.com\/#\/schema\/person\/89e0db3ed1fc59906b65e1f190bbb0c6\",\"name\":\"Hannah Kilgore\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/bluevaultpartners.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1b136ddd0cad6b708bd4839a349103b0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1b136ddd0cad6b708bd4839a349103b0?s=96&d=mm&r=g\",\"caption\":\"Hannah Kilgore\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Blackstone moves China PE head to oversee Asia wealth unit - Blue Vault","description":"Blackstone is moving its head of China private equity investments to oversee private wealth for Asia-Pacific..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/","og_locale":"en_US","og_type":"article","og_title":"Blackstone moves China PE head to oversee Asia wealth unit - Blue Vault","og_description":"Blackstone is moving its head of China private equity investments to oversee private wealth for Asia-Pacific..","og_url":"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/","og_site_name":"Blue Vault","article_published_time":"2023-10-25T16:35:37+00:00","article_modified_time":"2023-11-12T23:00:09+00:00","og_image":[{"width":600,"height":319,"url":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2023\/10\/blackstone.png","type":"image\/png"}],"author":"Hannah Kilgore","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Hannah Kilgore","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/","url":"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/","name":"Blackstone moves China PE head to oversee Asia wealth unit - Blue Vault","isPartOf":{"@id":"https:\/\/bluevaultpartners.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/#primaryimage"},"image":{"@id":"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/#primaryimage"},"thumbnailUrl":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2023\/10\/blackstone.png","datePublished":"2023-10-25T16:35:37+00:00","dateModified":"2023-11-12T23:00:09+00:00","author":{"@id":"https:\/\/bluevaultpartners.com\/#\/schema\/person\/89e0db3ed1fc59906b65e1f190bbb0c6"},"description":"Blackstone is moving its head of China private equity investments to oversee private wealth for Asia-Pacific..","breadcrumb":{"@id":"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/#primaryimage","url":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2023\/10\/blackstone.png","contentUrl":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2023\/10\/blackstone.png","width":600,"height":319},{"@type":"BreadcrumbList","@id":"https:\/\/qa.bluevaultpartners.com\/blackstone-moves-china-pe-head-to-oversee-asia-wealth-unit\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/qa.bluevaultpartners.com\/"},{"@type":"ListItem","position":2,"name":"Blackstone moves China PE head to oversee Asia wealth unit"}]},{"@type":"WebSite","@id":"https:\/\/bluevaultpartners.com\/#website","url":"https:\/\/bluevaultpartners.com\/","name":"Blue Vault Partners","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bluevaultpartners.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/bluevaultpartners.com\/#\/schema\/person\/89e0db3ed1fc59906b65e1f190bbb0c6","name":"Hannah Kilgore","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bluevaultpartners.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1b136ddd0cad6b708bd4839a349103b0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1b136ddd0cad6b708bd4839a349103b0?s=96&d=mm&r=g","caption":"Hannah Kilgore"}}]}},"_links":{"self":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/posts\/354480"}],"collection":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/users\/3681"}],"replies":[{"embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/comments?post=354480"}],"version-history":[{"count":3,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/posts\/354480\/revisions"}],"predecessor-version":[{"id":360216,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/posts\/354480\/revisions\/360216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/media\/354481"}],"wp:attachment":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/media?parent=354480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/categories?post=354480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/tags?post=354480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}