Blackstone Plans to Double Headcount in Asia Targeting Wealthy
- Firm to add 20 people to private wealth solutions team
- Wealthy Asians pour money at record pace into alternatives
This article is for subscribers only.
Blackstone Inc. plans to double headcount in Asia targeting rich individuals as it seeks to boost allocations to its funds by private banks, wealth advisors and family offices.
The U.S. firm plans to hire across Singapore, Hong Kong and Tokyo, where it currently has 20 people to “provide innovative solutions that are designed for eligible Asian individual investors,” Herbert Suen, Singapore-based head of private wealth solutions Asia at Blackstone, said in an interview. The firm could also add headcount in Shanghai, Suen said, adding that it mainly partners with private banks in the region that serve high-net-worth individuals.