Blackstone has hired Yi Luo and Edward Huang to focus on the Greater China market.
The firm said yesterday that Luo and Huang report to Michael Chae, the head of private equity for Blackstone in Asia-Pacific. Luo joined as senior managing director, based in the firm’s Shanghai office, and Huang as managing director, based in Hong Kong.
Luo previously worked for Carlyle Group in Shanghai and Hong Kong for more than eight years as a senior global partner and managing director within their Asia private equity team. He was a member of Carlyle’s Asia investment committee and was the chairman of both Carlyle’s renminbi fund and its operating entity in China. At Carlyle, he originated and played a key role in a number of notable investments. In his more than 15-year career in financial services, he has also worked for Goldman Sachs, Merrill Lynch and the People’s Bank of China.
Huang joined from Morgan Stanley’s Asia private equity team in Hong Kong, where he was a managing director. Before that he worked at Morgan Stanley’s investment bank in Hong Kong and New York, and at Merrill Lynch.
“We are committed to continue to build a formidable team for Blackstone in Asia and we are delighted to have Yi Luo and Ed Huang come on board as significant senior members of this team,” said Chae in a statement. “They are talented and highly accomplished dealmakers in the region with great reputations, I am looking forward to working closely with them.”