Paris, 07 July 2010 – The Blackstone Group (NYSE:BX) announced today the appointment of Nicolas Hubert to the position of Managing Director in its Financial Advisory business. With 12 years of experience, Nicolas Hubert will strengthen the ten-strong team headed by Jean-Michel Steg in Paris.
Commenting on the appointment, Mr Steg said: “We are delighted to welcome Nicolas to our team. His track record demonstrates his expertise and skill, and his in-depth knowledge of financial institutions will further strengthen Blackstone in this key area in France. Many observers are expecting a marked recovery in transactions in the financial services sector and Nicolas will be a real asset in helping us to seize them.”
This appointment further strengthens Blackstone’s growing Paris office, which is dedicated to financial advisory services and is headed by Jean-Michel Steg and Jean-Manuel Richier. The Paris office opened in March 2009, specialising in advisory services for restructuring and mergers and acquisitions. Since then, the team has advised several French and international companies on their financial transactions and operations.
The Paris office reports to Blackstone’s European registered office in London. Blackstone’s Advisory business comprises 190 people in the United States, Asia and Europe.
Before joining Blackstone, Nicolas Hubert was Head of M&A Advisory Services at Lazard in France since 2003. Prior to this he had spent 5 years in Lehman Brothers’ Financial Institutions Group (FIG), in London and Paris.
He is a graduate of the EDHEC Business School (École des Hautes Études Commerciales) and holds an MBA from the London Business School.
For more information contact:
The Blackstone Group, London
+44 (0)20 7451 4344
About The Blackstone Group
Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com.