Jun 30, 2008

Blackstone Adds Senior Financial Services Banker

New York, June 30, 2008: The Blackstone Group (NYSE: BX) today announced that Thomas D. Stoddard has joined the firm’s Corporate Advisory business as a Senior Managing Director. Mr. Stoddard was previously a founding partner of Barrett Ellman Stoddard Capital Partners, a private equity firm specializing in the financial services sector.

Mr. Stoddard’s 17 years of transaction experience as an investment banker, corporate lawyer and asset-based commercial lender most recently include several years with DLJ and Credit Suisse where he specialized in providing strategic M&A advice to financial services companies. He was also head of Credit Suisse’s global insurance group and on the investment banking committee that reviewed and approved fairness and other advisory opinions.

Hamilton ‘Tony” James, President and COO of Blackstone said; “We are delighted to have Tom join our rapidly growing financial institutions advisory practice. He was a true star in the FIG group at Credit Suisse. His many years of experience advising major institutions will provide a great complement to our existing expertise across the whole financial services sector.”

Tom Stoddard added; “I am thrilled to be joining an exceptional team of professionals at such a successful firm. Blackstone is uniquely positioned today to serve financial services companies at a time when they need distinctive ideas and expert guidance.”

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 www.blackstone.com.


Peter Rose
The Blackstone Group
212 583 5871