Blackstone Hires former RBA and Bank of America Merrill Lynch Strategist Joseph Zidle for Private Wealth Solutions Group
New York, January 19, 2018 – Blackstone (NYSE: BX) today announced that Joseph Zidle, former Portfolio Strategist at Richard Bernstein Advisors (RBA), will join the firm as a Managing Director and Private Wealth Solutions Investment Strategist.
In this role, Zidle will primarily be responsible for developing and delivering investment strategy content to private wealth investors in Blackstone’s funds.
Zidle will report to Joan Solotar, Senior Managing Director & Head of Private Wealth Solutions & External Relations, and closely collaborate with Byron Wien, Vice Chairman in the Private Wealth Solutions group, on economic, social and political analysis and commentary.
Joan Solotar said: “Over his nearly 25 year career, Joe has established an outstanding track record as an investment strategist, consistently delivering valuable guidance to his clients. We look forward to bringing his expertise to Blackstone’s investors as the demand for insights and perspectives from the firm continues to grow.”
Byron Wien said: “Joe has sound judgement of the markets and a strong understanding of the increasingly complex economic and political landscape that drives them. Over his career, he has proven capable of turning this knowledge into differentiated insights for his clients, and delivering it in a compelling way.”
Joseph Zidle added: “I am honored and excited for the opportunity to join Blackstone and work with the firm’s world-class investors and talented investing teams. I, like so many in the industry, closely follow and admire Byron’s insights, and I look forward to collaborating with him to help inform the firm and its investors.”
At RBA, an independent investment advisor, Zidle was responsible for portfolio strategy, asset allocation, investment management and marketing to major wirehouses and independent RIAs. Zidle previously spent nearly a decade at Bank of America Merrill Lynch, most recently serving as Head of Investment Strategy for Global Wealth Management and Deputy Director of the Research Investment Committee, where he was responsible for creating and communicating global investment strategies to the firm’s private client division across all major investment disciplines.
Zidle holds a Bachelor of Arts degree in Economics and History from Emory University. From 1993-2001, he served as a specialist in military intelligence for the U.S. Army Reserves.
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $385 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.