Blackstone Inc., the largest asset manager in the world, is reshuffling its leadership to strengthen its revenue from affluent clients in the Asia-Pacific region.
Ed Huang, previously in charge of China private equity and serving as the chief operating officer for Asia private equity, will now oversee private wealth for the region.
Huang will replace Herbert Suen, who will continue in a senior role whose details will be announced later.
Haide Hong, a senior managing director with a decade of experience at Blackstone, will take Huang’s former position and lead investment efforts in Shanghai.
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