Blackstone Expands Asia Team with Senior Hires
Hong Kong, March 5, 2012 – Blackstone (NYSE:BX) has made significant additions to its private equity team in Asia with the appointment of Yi Luo and Edward Huang, both of whom will focus on the Greater China market, reporting to Michael Chae, the Head of Private Equity for Blackstone in Asia Pacific.
Yi Luo joined in January 2012 as Senior Managing Director, based in the Firm’s Shanghai office, and Ed Huang as Managing Director, based in Hong Kong, earlier this month.
Yi Luo was previously with Carlyle Group in Shanghai and Hong Kong for over eight years as a senior global partner and Managing Director within their Asia private equity team. Yi was a member of Carlyle’s Asia Investment Committee and was the Chairman of both Carlyle’s RMB Fund and its operating entity in China. At Carlyle, he originated and played a key role in a number of notable investments. In his more than 15 year career in financial services, he has also worked at Goldman Sachs’ Private Investment Area, Merrill Lynch, and The People’s Bank of China.
Ed Huang joins from Morgan Stanley Private Equity Asia in Hong Kong where, as Managing Director, he led and managed some of their most significant recent investments in China. Before that he worked at Morgan Stanley’s Investment Bank in Hong Kong and New York, and at Merrill Lynch.
Commenting on the appointments, Mr. Chae said: “We are committed to continue to build a formidable team for Blackstone in Asia and we are delighted to have Yi Luo and Ed Huang come on board as significant senior members of this team. They are talented and highly accomplished dealmakers in the region with great reputations, I am looking forward to working closely with them.”
Mr. Luo gained a Masters of Business Administration with High Distinction from the University of Michigan Business School. Mr. Huang received an MBA from Harvard Business School and a BA from Yale University.
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