HONG KONG—Private-equity firm Blackstone Group LP said Saturday
it has hired Zhang Liping, a senior Credit Suisse Group AG banker,
to head its operations in China.
Mr. Zhang, who served as co-chief executive of Greater China at
Credit Suisse, will become a senior managing director and chairman
of Greater China at Blackstone, the private-equity firm said in a
statement. He will manage senior relationships for Blackstone in
China, fulfilling a role left vacant since Antony Leung decided to
leave Blackstone in 2013 for a senior role at a Hong Kong property
company.
Blackstone's new China chairman is a well-known banker in the
country, having led a number of initial public offerings by major
Chinese state-owned companies. He played a key role in forging
relationships on the mainland, including helping Credit Suisse
setup its China investment banking joint-venture.
Blackstone counts China's sovereign-wealth fund, China
Investment Corp., as a major investor. It has a number of property
and private-equity investments across the country.
Write to Rick Carew at rick.carew@wsj.com
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