London, Paris 29th April, 2009 – The Blackstone Group (NYSE:BX) today announces the addition of Jean-Manuel Richier as Senior Managing Director to its Paris office to work alongside Jean-Michel Steg to grow and develop the Blackstone Advisory business in France and in Europe.
John Studzinski, Global Head of Blackstone’s Corporate Advisory Group, commented on the announcement: “The appointment of a second French local Advisory practitioner is another step in the increasing development of our global team. It also highlights the wider maturity and importance of the global advisory market. We’re delighted to have someone of Jean-Manuel’s calibre further strengthen our team.”
Mr. Richier added: “Blackstone’s Advisory business is a first-rate team advising a number of exciting businesses and governments at a time when the market needs solid senior-level advice. The firm has a unique position in the industry and has been expanding its business, particularly in Asia and Europe, and I’m thrilled to be a part of that development.”
Jean-Manuel Richier has 18 years of investment banking experience in France. He was recently a Managing Director and Deputy Head of Investment Banking for France at Citigroup. Prior to this, he was a Managing Director with Goldman Sachs and the Head of the Financing Group (Equity and Debt Capital Markets) for France and Belgium (1998-2005). Jean-Manuel started his career at JP Morgan in 1990 and held various positions within the Investment Banking department in Paris, London and New York. Jean-Manuel graduated from Ecole Supérieure de Commerce de Paris in 1988 with a major in Finance.
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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.