Antony Leung to Become Group CEO of Nan Fung Group
Hong Kong, November 19, 2013. The Nan Fung Group, the Hong Kong based conglomerate with global interests in property markets and financial investments, today announced that Antony Leung, the Chairman for Greater China for Blackstone, the global alternative asset manager, will become its Group Chief Executive Officer in February 2014. Mr. Leung will also become a Senior Adviser to Blackstone and a member of its International Advisory Board.
Commenting on the appointment, Vivien Chen, Nan Fung’s Chairman said, “We are delighted that Antony has agreed to join us. Since my late father, Dr. D.H. Chen, founded the group in the early 1950s, we have gone from strength to strength and we have every confidence that Antony will lead us into an era of even greater growth. Antony’s wealth of knowledge and experiences will prove beneficial to all parties.”
Added Stephen A. Schwarzman, Blackstone’s CEO, Chairman and Co- Founder, “I am grateful to Antony for his leadership, advice, counsel and guidance over the past seven years as Blackstone has grown in Asia. I am delighted that he will continue as an advisor both to the firm and to me personally. Today Blackstone is in a very strong position in China, with deep relationships across the firm in the Mainland and Hong Kong. Antony played a major role in helping to build these relationships, and we at Blackstone wish him all the best in the next stage of his career.”
Mr. Leung said, “Nan Fung is one of the most solid and respected business conglomerates in Asia. I am looking forward to working with the team there to drive it to new heights. It has also been a privilege to be associated with Blackstone. The firm is doing exceptionally well in Asia and China, and I am happy to continue my association with it as a Senior Adviser and an International Advisory Board Member.”
Before joining Blackstone, Mr. Leung was Financial Secretary for Hong Kong and Chairman for Asia of JPMorgan Chase.
About Nan Fung
Founded in 1954, Nan Fung Group is a fully integrated, multi-disciplinary conglomerate with interests in property development, property investment, construction, property management, investment and financing. With property as its core business, Nan Fung Group is one of the most established property developers in Hong Kong and owns a portfolio of residential, commercial and industrial properties.
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 asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds, and multi asset class exposures falling outside of other funds’ mandates. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
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