Blackstone confirms China appointments

Reports that Luo had been poached from The Carlyle Group emerged in September of last year. Huang's recruitment from Morgan Stanley Private Equity Asia (MSPEA) was confirmed by sources close to the firm about a week ago.

Luo spent eight years with Carlyle in Shanghai and Hong Kong as senior global partner and managing director within the Asia private equity team. He was a member of Carlyle's Asia investment committee and was chairman of the buyout firm's renminbi fund as well as its operating entity in China. Prior to joining Carlyle, Luo worked at Goldman Sachs, Merrill Lynch, and the People's Bank of China.

Huang was involved in some of MSPEA's most significant transactions, including the privatization and subsequent re-listing of Sihuan Pharmaceutical Holdings. He previously worked at Morgan Stanley and Merrill Lynch.

"We are committed to continue to build a formidable team for Blackstone in Asia and we are delighted to have Yi Luo and Ed Huang come on board as significant senior members of this team," said Michael Chae, head of private equity for Blackstone Asia Pacific. "They are talented and highly accomplished dealmakers in the region with great reputations, I am looking forward to working closely with them."

Chae himself relocated to Hong Kong from New York in late 2010. He took responsibility for relationships with LPs while Ben Jenkins, a senior managing director, oversaw transactions across the region. Jenkins left Blackstone at the end of 2011 and returned to New York.

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• Topics
• Greater China
• People
• The Blackstone Group
• Appointments
• China