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Blackstone Hires Deutsche Bank’s Pollack for Property Debt

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Blackstone Group LP, the biggest real estate private equity firm, hired Jonathan Pollack from Deutsche Bank AG to be chief investment officer of its property-debt unit, which oversees almost $10 billion of investor capital.

Pollack had been global head of Deutsche Bank’s commercial real estate group, where Blackstone was one of his biggest clients. He left Germany’s largest lender last week after 16 years with the company.