Blackstone Names Liping Zhang as its Chairman for Greater China
New York, New York, July 3, 2015. Blackstone (NYSE:BX) today announced that it has named Liping Zhang as a Senior Managing Director and its Chairman for Greater China. Based in Hong Kong, Mr. Zhang will advise and provide guidance to firm management and its regional business units as the firm continues to expand its presence in the region.
Mr. Zhang has more than 30 years of financial industry, corporate management and government sector experience. He joins from Credit Suisse where he most recently served as Co-Chief Executive Officer of Greater China and Vice Chairman of Global Investment Banking.
“Liping Zhang is one of the preeminent figures in finance in China, and his appointment underscores the strategic importance of Greater China to Blackstone,” said Stephen A. Schwarzman, Chairman, CEO and Co-Founder of Blackstone. “With his public and private sector experience across the region, Liping possesses a unique perspective and deep knowledge of the market that will serve us well as we seek to build further upon our leading presence and relationships in the region. We look forward to his many contributions.”
“I am delighted to have this opportunity to join Blackstone,” added Mr. Liping Zhang. “Blackstone has established a leading platform in China and has a comprehensive understanding of the region, which my own experience in the market will complement. I look forward to partnering with management and the investment professionals to help further grow the business.”
Mr. Zhang graduated from Beijing University’s School of International Business & Economics and received a Master’s degree in International Affairs and International Law from St. John’s University. He also attended NYU’s Stern School of Business.
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 $300 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. 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.