| From Reuters: Private equity firm Blackstone Group on Monday appointed a senior executive to take the helm of its private equity unit in Asia, signaling an increased focus on a region which promises faster growth than the mature Western Europe and U.S. economies. China Investment Corp, the sovereign wealth fund, has about a 10 percent stake in Blackstone.
Michael Chae, a senior managing director in Blackstone's private equity unit in New York, will move to Hong Kong to run the firm's private equity unit in Asia, in a newly created position..............................................Full Article: Source
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