FINSwire May 19 2010

Blackstone to Expand in Australia

FINSwire Team

Blackstone Group is saying hello to down under. In a recent conference call, Philip Levinson, a managing director, said the firm was establishing a "presence" in Australia.

"We have a small investor-relations group there and are looking at the option to expand our presence," a spokesman for Blackstone said. He declined to comment as to future possible hiring in the region.

Competitors like Carlyle Group have already set up shop in Australia's $20 billion private equity sector, so it's no surprise Blackstone has taken the plunge.

Reuters reported Blackstone had been expected to open a Sydney office last year, but was waiting to see how a plan to tax private-equity deals there would play out.

Read more articles about Blackstone Group.




Play the new finance career game from FINS!

Financial Dream Jobs - Sign Or Decline
You just got an offer for your dream job,
BUT...
you have to let the firm manage all of your personal investments.
SIGN DECLINE


 
  • Copyright ©2014 Dice Holdings, Inc. All rights reserved.
Log in 
FINS Login
 
*Indicates required field
 
User Name*
Password*
     Forgot Your Password?
Or log in using your Facebook account:
Connect with Facebook