Press Releases
09/30/2008

Blackstone Hires Asia Advisory Team

New York/Beijing, September 30, 2008:  The Blackstone Group (NYSE: BX) today announced that it has appointed a new team of advisory professionals for its Asia region, based in Hong Kong and Beijing.  The team, which is twelve strong, includes two partners and three managing directors.

The partners are Anthony Steains, formerly with Lehman Brothers, and Jianping Zheng, formerly with HSBC.  The managing directors are Johan van Jaarsveld, and Dong Hyun Lee, both of Lehman Brothers, and Jing Xiaowen, of HSBC. 

Antony Leung, Chairman of Blackstone Greater China, said, “We are absolutely delighted to welcome such a distinguished group of professionals.  This move underlines Blackstone’s long-term commitment to the region.”

John Studzinski, Senior Managing Director and global head of Blackstone’s Corporate Advisory group, added, “This is a world-class team.  Jianping Zheng brings his extensive mergers and acquisitions track record in China and his energy expertise, while Tony has extensive investment banking experience, especially in industrials and natural resources and has managed many of Asia’s landmark corporate finance transactions.”

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, hedge funds, funds of funds, debt 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 service. Further information is available at http://www.blackstone.com/.

Contact:

John Ford
The Blackstone Group, New York
+1 212 583 5559
ford@blackstone.com

Sophia Harrison
The Blackstone Group, London
+44 20 7451 4295
harrison@blackstone.com

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