Blackstone Announces Key Leadership Appointments and Launches New Areas of Client Coverage
Blackstone (NYSE: BX) announced three key leadership appointments and launched new client coverage areas. Farhad Karim has been appointed Global COO of Private Wealth Solutions (PWS), which manages $250B in assets across the private wealth channel. Chris Sullivan becomes Head of Sponsor Coverage to serve private equity sponsors across debt and equity strategies. Adam Lane joins as Head of Consultant Relations to manage relationships with institutional client advisors.
The PWS business, launched over a decade ago, provides financial advisors access to institutional-quality alternative investments across real estate, credit, private equity and infrastructure, with a team of nearly 300 professionals globally.
Blackstone (NYSE: BX) ha annunciato tre importanti nomine nel proprio leadership team e ha lanciato nuove aree di copertura per i clienti. Farhad Karim è stato nominato COO Globale delle Soluzioni di Patrimonio Privato (PWS), che gestisce 250 miliardi di dollari in attività attraverso il canale del patrimonio privato. Chris Sullivan diventa Responsabile della Copertura per gli Sponsor, dedicandosi a supportare gli sponsor di private equity in strategie di debito ed equità. Adam Lane entra come Responsabile delle Relazioni con i Consulenti, per gestire i rapporti con gli advisor dei clienti istituzionali.
Il business PWS, lanciato oltre un decennio fa, offre ai consulenti finanziari accesso a investimenti alternativi di qualità istituzionale in settori come immobiliare, credito, private equity e infrastrutture, con un team di quasi 300 professionisti a livello globale.
Blackstone (NYSE: BX) anunció tres nombramientos clave en su liderazgo y lanzó nuevas áreas de cobertura para clientes. Farhad Karim ha sido designado COO Global de Soluciones de Patrimonio Privado (PWS), que gestiona 250 mil millones de dólares en activos a través del canal de patrimonio privado. Chris Sullivan se convierte en Jefe de Cobertura de Patrocinadores para atender a patrocinadores de capital privado en estrategias de deuda y capital. Adam Lane se une como Jefe de Relaciones con Consultores para gestionar las relaciones con asesores de clientes institucionales.
El negocio PWS, lanzado hace más de una década, brinda a los asesores financieros acceso a inversiones alternativas de calidad institucional en bienes raíces, crédito, capital privado e infraestructura, con un equipo de casi 300 profesionales a nivel mundial.
블랙스톤 (NYSE: BX)은 주요 리더십 인사이동을 발표하고 새로운 고객 관리 영역을 런칭했습니다. 파르하드 카림은 2500억 달러 규모의 자산을 관리하는 프라이빗 웰스 솔루션(PWS)의 글로벌 COO로 임명되었습니다. 크리스 설리반은 부채 및 주식 전략을 통해 사모펀드 스폰서들을 지원하는 스폰서 커버리지 책임자가 됩니다. 아담 레인은 기관 고객 자문사와의 관계를 관리하는 컨설턴트 관계 책임자로 합류합니다.
PWS 비즈니스는 10년 이상 전에 출범하여 재무 상담사에게 부동산, 신용, 사모펀드 및 인프라에 걸친 기관 품질의 대체 투자에 대한 접근성을 제공합니다. 현재 전 세계적으로 약 300명의 전문가 팀이 있습니다.
Blackstone (NYSE: BX) a annoncé trois nominations clés au sein de sa direction et a lancé de nouvelles zones de couverture client. Farhad Karim a été nommé COO Mondial des Solutions de Patrimoine Privé (PWS), qui gère 250 milliards de dollars d'actifs dans le canal de patrimoine privé. Chris Sullivan devient Responsable de la Couverture des Sponsors pour servir les sponsors de capital-investissement à travers des stratégies de dette et de capital. Adam Lane rejoint l'équipe en tant que Responsable des Relations avec les Consultants pour gérer les relations avec les conseillers clients institutionnels.
Le secteur PWS, lancé il y a plus d'une décennie, offre aux conseillers financiers un accès à des investissements alternatifs de qualité institutionnelle dans l'immobilier, le crédit, le capital-investissement et l'infrastructure, avec une équipe de près de 300 professionnels dans le monde entier.
Blackstone (NYSE: BX) hat drei wichtige Führungswechsel angekündigt und neue Kundenbetreuungsbereiche ins Leben gerufen. Farhad Karim wurde zum globalen COO der Private Wealth Solutions (PWS) ernannt, die 250 Milliarden Dollar in Vermögenswerten im Privatvermögen verwaltet. Chris Sullivan wird Leiter der Sponsor-Betreuung, um private Equity-Sponsoren in den Bereichen Fremd- und Eigenkapitalstrategien zu unterstützen. Adam Lane tritt als Leiter der Beraterbeziehungen bei, um die Beziehungen zu institutionellen Kundenberatern zu verwalten.
Das PWS-Geschäft, das vor über einem Jahrzehnt gegründet wurde, ermöglicht Finanzberatern den Zugang zu institutionell hochwertigen alternativen Anlagen in den Bereichen Immobilien, Kredit, Private Equity und Infrastruktur, mit einem Team von fast 300 Fachleuten weltweit.
- PWS division manages substantial $250B in assets across private wealth channel
- Expansion of client coverage through creation of new strategic roles
- Strong team growth with nearly 300 professionals in PWS division
- None.
Insights
The appointments signal Blackstone's strategic focus on expanding its Private Wealth Solutions (PWS) business, which currently manages
The most significant aspect is the emphasis on private wealth management, reflecting the industry trend of democratizing alternative investments for retail investors. Blackstone's PWS business has grown substantially over the past decade and these organizational changes position the firm to capture more market share in the high-net-worth segment.
The addition of dedicated sponsor coverage and consultant relations roles suggests a push to deepen relationships with private equity firms and institutional advisors, potentially leading to increased deal flow and capital raising opportunities. These strategic moves should help maintain Blackstone's competitive edge in the alternative asset management space.
Farhad Karim Appointed Global COO of Private Wealth Solutions
Chris Sullivan Appointed Head of Sponsor Coverage
Adam Lane Appointed Head of Consultant Relations
Jon Gray, President & COO, said: “These appointments underscore the tremendous momentum at Blackstone in terms of accelerating who we serve and the breadth of solutions we offer. By elevating leaders like Farhad and Chris, and adding exceptional talent like Adam, we continue to build on this strength.”
Farhad Karim will become Global Chief Operating Officer of Private Wealth Solutions (PWS). Blackstone’s PWS business provides financial advisors access to institutional-quality alternative investments for their clients, including dedicated products across real estate, credit, private equity and infrastructure. Blackstone launched this business more than a decade ago and today manages an industry-leading
Joan Solotar, Global Head of Private Wealth Solutions, said: “Farhad is a long-serving, proven Blackstone leader who played a pivotal role in building and scaling our real estate business, creating perpetual products, and growing our business internationally. He will be a tremendous asset as we continue to expand how we serve individual investors around the world.”
Mr. Karim added: “Over the last ten-plus years, I’ve seen first-hand the remarkable growth of PWS. I couldn’t be more excited to partner with Joan and the team as we continue to scale the business and help advisors unlock access to private markets for their clients.”
Mr. Karim joined Blackstone in 2011 and currently serves as Chairman and Chief Operating Officer of Blackstone Europe, as well as General Counsel of Blackstone Real Estate. Prior to joining Blackstone, he spent more than a decade at the law firm Simpson Thacher & Bartlett, where he was a partner.
Chris Sullivan will become Head of Sponsor Coverage. In this role, he will better enable Blackstone to serve as a comprehensive, multi-asset class solution provider to private equity sponsors across debt and equity strategies. Mr. Sullivan has been with Blackstone since 2021, leading private credit sponsor relationships in Blackstone’s Credit & Insurance business. Prior to Blackstone, he spent more than 20 years at Barclays.
Adam Lane will join the firm as Head of Consultant Relations. Mr. Lane will focus on cultivating Blackstone’s enterprise-level relationships with the consultant community, who are key advisors to the firm’s institutional clients. He will also play an important role assisting Blackstone’s Private Capital Group, given his extensive experience in this channel. Mr. Lane joins Blackstone following nearly two decades at Goldman Sachs Asset Management, where he most recently served as Partner, Global Head of Wealth Management Alternatives and Co-Head of
Vik Sawhney, Chief Administrative Officer and Global Head of Institutional Client Services, said: “As our business expands, we continue to look for ways to best serve our clients and capital raising partners. Chris and Adam will help these important relationships access the full breadth of Blackstone.”
About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than
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Thomas Clements
646.482.6088
Thomas.Clements@blackstone.com
Source: Blackstone
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