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BLACKSTONE HIRES ASIA ADVISORY TEAM.

AsiaPulse News

| October 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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(BW)(NY-BLACKSTONE-GROUP)(BX.NYSE)

Blackstone Hires Asia Advisory Team

Business Editors NEW YORK & BEIJING--(BUSINESS WIRE) - Sep. 30, 2008-- The Blackstone Group (NYSE: BX) today announced that it has appointed a new team of advisory professionals for its Asia region, based in Hong Kong and Beijing. The team, which is twelve strong, includes two partners and three managing directors.

The partners are Anthony Steains, formerly with Lehman Brothers, and Jianping Zheng, formerly with HSBC. The managing directors are Johan van Jaarsveld, and Dong Hyun Lee, both of Lehman Brothers, and Jing Xiaowen, of HSBC.

Antony Leung, Chairman of Blackstone Greater China, said, "We are absolutely delighted to welcome such a distinguished group of professionals. This move underlines Blackstone's long-term commitment to the region."

John Studzinski, Senior Managing Director and global head of Blackstone's Corporate Advisory group, added, "This is a world-class team. Jianping Zheng brings his extensive mergers and acquisitions track record in China and his energy expertise, while Tony has extensive investment ...

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