Blackstone's Asia head Chae returns to New York

Michael Chae is heading back to New York after jump-starting the firm’s private equity business in Asia. Ed Huang and Yi Luo will lead Blackstone’s private equity investments in China.

Blackstone's Asia head Chae returns to New York

Michael Chae is returning to Blackstone’s New York office in June after three years based in Hong Kong during which he led the firm’s private equity business across the Asia-Pacific region.

The move is in line with expectations Chae was sent to Hong Kong in late 2010 to rebuild, localise and institutionalise Blackstone’s business in Asia, which had been floundering.

Since the global financial crisis, the firm’s team in Asia has more...

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