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The Blackstone Group L.P. (NYSE: BX) today announced that Byron Wien will join the firm as Vice Chairman of Blackstone Advisory Services. Mr. Wien was previously Chief Investment Strategist for Pequot Capital and, before that, he served for 21 years as Chief (later Senior) U.S. Investment Strategist for Morgan Stanley.
Mr Wien joined Pequot in December 2005. Opalesque published his Farewell Commentary as Pequot closed down here: www.opalesque.com/53374/Farewell_Commentary_as184.html.
At Blackstone, Mr. Wien will act as a senior adviser both to the Firm and its clients in analyzing economic, social and political trends to determine the direction of financial markets and thus helping guide investment and strategic decisions.
Stephen A. Schwarzman, Chairman and Chief Executive Officer of Blackstone, commenting on Mr. Wien’s appointment, said: “Byron brings to the Firm unparalleled experience, wisdom and judgment formed over many years of deep involvement in the financial markets. At a time when Blackstone stands ready to deploy the largest amount of investment capital in its history and our clients are faced with unprecedented economic turmoil and uncertainty, Byron will play a central and invaluable role in providing direction and guidance.”
Added Mr. Wien: “Blackstone is the largest independent alternative asset manager and advisor in...
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