March 10, 2026
LONDON, UK – 10 March 2026 – Blackstone (NYSE: BX) today announced two senior leadership appointments to support the acceleration of growth in its private wealth business. With over $300 billion in assets under management from the private wealth channel globally, the business has been a pioneer in serving individual investors for more than two decades.
After overseeing the buildout of the EMEA private wealth business, Rashmi Madan, a 15-year Blackstone veteran, has been promoted to the newly created role of Global Head of Portfolio Solutions. In this new role, Ms. Madan will lead the scaling of Blackstone’s multi-strategy solutions, drawing on her deep expertise across asset classes and longstanding relationships with clients. The firm intends to develop several investment solutions as part of this newly formed initiative.
Simona Maellare will join Blackstone as Head of EMEA for Private Wealth, where she will lead the firm’s efforts to further expand and deepen its private wealth business across Europe and the Middle East. Ms. Maellare was most recently Global Co-Head of Alternative Capital Group at UBS , as well as EMEA Co-Head of OneUBS, and brings more than 30 years of experience advising and partnering with alternative asset managers on capital raising and strategic growth across EMEA.
With a long track record of advising leading asset managers on growth in EMEA, Ms. Maellare brings to Blackstone an exceptional level of expertise, trusted relationships, and a proven ability to build and scale businesses at the highest level.
Together, these appointments strengthen Blackstone’s leadership across two priority business areas for the firm’s next phase of growth and will contribute to the expansion of multi-strategy investment solutions for advisors and their clients and the acceleration of the firm’s international private wealth footprint.
Joan Solotar, Global Head of Blackstone Private Wealth, said: “We’ve built this business by investing in exceptional talent with a deep commitment to clients. Rashmi and Simona each bring distinctive expertise and relationships that are difficult to replicate; Rashmi across multi-strategy solutions, which we see as a powerful growth frontier; and Simona across the European and Middle Eastern markets, where the opportunity for individual investors is substantial. Simona’s arrival and Rashmi’s new role will be instrumental as we continue to build differentiated solutions for our clients globally. I look forward to working closely with them both.”
Rashmi Madan, Global Head of Portfolio Solutions for Blackstone Private Wealth, said: “Multi-asset investing allows clients a way to access the breadth of Blackstone within a single strategy. As private markets continue to broaden and advisors’ toolkits become more sophisticated, Blackstone Portfolio Solutions will help deliver seamless, investor-centric portfolios built on the firm’s flagship perpetual offerings. I look forward to leading this business and capturing the opportunity ahead.”
Simona Maellare, Head of EMEA for Blackstone Private Wealth, said: “I’ve seen the power of Blackstone’s private markets platform first-hand and am thrilled to join this extraordinary firm. The opportunity to bring institutional quality investment strategies to individuals across Europe and the Middle East is compelling, and I look forward to helping accelerate Blackstone’s growth across the region.”
About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
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Felix Lettau
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